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North Dakota Shale Oil Production Cut by 300kb/d After Winter Storm

OIL

North Dakota has approximately 300k b/d of shale oil production offline after a blizzard last week. The recovery is likely to take “a few weeks” due to the cold weather according to the state Department of Mineral Resources Director Lynn Helms.

  • “Very difficult to get wells back on due to cold” and a “significant amount will stay off line until after the New Year”.
  • The current North Dakota production is between approximately 800k b/d and 900k b/d.
  • North Dakota is the third-largest U.S. oil producing state after Texas and New Mexico and pumps about 1.1mbpd. Production growth next year is expected to be 1%-2%.
Energy BulletsCommoditiesUS
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