Friday, November 22, 2024

Land of Oil: North Dakota’s Producing Wells at All-Time High

Oil production down, gas production up The North Dakota Industrial Commission released its latest Oil and Gas Production Report Friday, outlining hydrocarbon activity in the state for March 2017. Oil production down in spite of all-time high producing wells The NDIC reported that oil production in March was down to 1,026 MBOPD, from 1,034 MBOPD in February. A record 13,632

Permian Effective Rig Count 1,109

Nationwide EERC higher than ever at 1,873 EnerCom released its monthly EnerCom Effective Rig Count today. Launched in January, the EnerCom Effective Rig Count seeks to account for improved productivity in recent developments. The downturn forced companies to innovate and develop new technologies and techniques to remain economic. These advancements have allowed companies to drill better, faster wells than they