North Dakota Approaching Record Natural Gas Production as Supply Glut Persists
North Dakota produced 3.51 Bcf/d of natural gas in May, up 0.5% from April, despite a 3.9% month/month decline in oil output and an oversupplied gas market.
North Dakota produced 3.51 Bcf/d of natural gas in May, up 0.5% from April, despite a 3.9% month/month decline in oil output and an oversupplied gas market.
North Dakota’s natural gas production growth surpassed that of oil in April, reflecting rising gas-to-oil ratios (GOR) in the Bakken Shale formation, the state’s top oil and gas regulator said.