North Dakota Oil Output Expected to Rise in September
North Dakota oil production is likely to have increased slightly in September, according to the state regulator.
The state is home to the Bakken oilfield, a massive shale field that contributed to the U.S. becoming the world's largest oil producer.
- Oil production in the state fell by 10,000 barrels per day to 1.153 million bpd in August.
- The region is facing consolidation and its wells are maturing, affecting production.
The state regulator said production is on track to fall in the longer term as wells undergo a natural decline.
Author's summary: North Dakota oil output to rise in September.