North Dakota oil production drops 1.2% in February, or 14K barrels a day
Numbers are out for February 2014. Average production in February was 1,177,094, which is down 14,104 from the very slightly revised January amount.
Here is the production in graphs:
For a longer term perspective:
Using the average sweet price mentioned in the Director’s Cut, here is the value of monthly production.
Reason for the drop in value is the price per barrel:
That slight recovery in current month is good but not a lot of help. On the other hand, at least the price isn’t still falling.
More graphs for February production are here.