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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (19237)	6/17/2016 4:51:34 PM
From: Goose94	Read Replies (1) \| Respond to of 202704

North Dakota oil output faces steepest decline in history. North Dakota’s oil production has declined more than 70,000 barrels in April, resulting in the largest drop in production the oil province has ever seen. The Bakken/Three Forks formation is now producing less than 1 million barrels per day as a result of cold weather and persistently low oil prices. North Dakotan oil statistics indicate an average decline of over 250 barrels per well on a total of 12,739 producing wells. Operators active in the Bakken are likely to remain cautious and are not expected to ramp up well completions and add new drilling rigs until WTI prices surpass $60.