Oil production in North Dakota drops 4.7% in August, slipping below the 1 million level
Above graph shows the average daily production in North Dakota statewide and in the Bakken field. Output in August dropped from 1,029,734 barrels of oil per day (bopd) (revised) to 981,039 bopd (preliminary), a change of 48,695 bopd, or 4.73%.
This is the first month with average daily production below 1 million bopd since March 2014.
Here is the average daily production by month since 2004:
For longer perspective, here is the average production since 1990:
More stats tomorrow.