ND Regulator: Crude Output to Stay Steady Amid Winter Storms

North Dakota's crude oil production is unlikely to see significant changes this year, according to state regulator Nathan Anderson. The director of the North Dakota Department of Mineral Resources stated that operators will likely maintain their drilling rig count near current levels of 26 for the year.

Oil production in North Dakota fell by 76,000 barrels per day to 1.12 million bpd in December, with an estimated drop of 80,000 bpd to 110,000 bpd for several days in January due to a winter storm that forced operators to shut in production.

The Supreme Court's decision to strike down President Trump's emergency tariffs is not expected to boost North Dakota's oil output in the short term. Anderson noted that output growth would be dependent on capital costs, expenses, and oil prices.