North Dakota oil production drops 0.9% in March ‘16

Production in the state dropped from 1,119,092 barrels a day (revised) in February to 1,109,246 bopd in March. That is a drop of 9,846 bopd, or 0.88%.

That represents a decline of 102,084 bopd since the high point of 1,211,330 in June 2015. That is a 8.4% decline.

Rig count averaged 32 in March and 29 in April. That is in contrast to 78 in June 2015 and 193 in March 2014.

Here is what the production graph looks like. This is the only graph I will run this month.

ND production 3-16

 

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