There are currently 27 active rigs in North Dakota, down from 29 in August, according to the state’s Department of Mineral Resources on Tuesday.

There are currently 12 frac (hydraulic fracking) crews operating in the state, down from 14 in August.

Bakken oil delivered at Clearbrook, Minnesota, was pricing at 55 cents per barrel below West Texas Intermediate crude futures CL1! on Tuesday, the state regulator said.

North Dakota is the third largest oil-producing state in the U.S.

Oil production in the state rose 2,000 barrels per day (bpd) to 1.16 million bpd in July, monthly data from the state Industrial Commission showed.

“We had an increase in inactive wells due to the low price environments in May and April, and those wells appear to be coming back online as anticipated,” said Richard Suggs, primary geologist for the North Dakota Industrial Commission, Department of Mineral Resources.
Source: Reuters