Subscribe free to our newsletters via your
. Oil and Gas News .




OIL AND GAS
Rig numbers in North Dakota recover
by Daniel J. Graeber
Bismarck, N.D. (UPI) Jun 8, 2015


disclaimer: image is for illustration purposes only

The number of rigs actively exploring for or producing oil and natural gas in North Dakota recovered from recent lows, state data show.

The state government reports 82 rigs in active service as of Monday, up one from Friday and two more than the number reported June 1, which marked a new record low for the state at the heart of the shale oil boom in the United States.

North Dakota is the No. 2 oil producer. Oil production in March, the last full month for which data are available, was 1.19 million barrels per day, an increase from the previous month, but 3 percent below the all-time record set in December.

State data from mid-March showed 111 active rigs in the state. There were 156 active rigs reported in the state in January. The North Dakota Industrial Commission said at the time the weakened crude oil market was "by far the biggest driver behind the slow-down" in rig activity.

Rig data can serve as a barometer for the health of the energy sector. The low price of crude oil is leaving energy companies with less capital to invest in exploration and production, known as the upstream side of the oil and gas sector.

Oilfield services company Baker Hughes last week said in its rig count report there were 10 fewer rigs actively exploring for or producing oil and natural gas in the United States than the previous week. Canada gained rigs, meaning all of the loss in North America for the week ending May 29 came from the United States.

The price for West Texas Intermediate, the U.S. benchmark, was around $46.50 in mid-March. WTI was trading near $58 per barrel early Monday.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








OIL AND GAS
Angolan president heads to China as low oil price bites
Luanda (AFP) June 8, 2015
Angolan President Jose Eduardo dos Santos headed on Monday for his first official visit to China in seven years as his country, which is Africa's second largest oil producer, struggles with falling oil prices. Dos Santos, who has ruled since 1979, only makes rare trips abroad from the former Portuguese colony, which remains one of the world's poorest countries despite its natural resources. ... read more


OIL AND GAS
UNIDO: China needs greener agenda

Scotland sees room for green growth

Roadside air can be more charged than under a high-voltage power line

Japan PM to pledge 26% greenhouse gas cut

OIL AND GAS
World's smallest spirals could guard against identity theft

Trees are source for high-capacity, soft and elastic batteries

Chemists discover key reaction process in sodium-oxygen battery

Giant structures called plasmoids could simplify the design of future tokamaks

OIL AND GAS
Dutch 'paddy power' pulls electricity from rice fields

BESC, Mascoma develop revolutionary microbe for biofuel production

Food or fuel? How about both?

A model for bioenergy feedstock/vegetable double-cropping systems

OIL AND GAS
Rosatom road shows of world's largest fast neutron reactor

Nuclear SOE set for big China IPO

S. Africa to finalize nuclear procurement process by end of this year

Argentina Hopes to Obtain Russia-Designed Nuclear Reactors

OIL AND GAS
Climate debate takes global pulse ahead of Paris summit

Climate: G7, EU still lag 2 C pathway, says monitor

Global climate on verge of multi-decadal change

Climate change debate fueled by 'echo chambers'

OIL AND GAS
Tesla boss downplays government subsidy as 'pittance'

Self-driving cars vulnerable to cyberattack, experts warn

Can virtual drivers resembling the user increase trust in smart cars

US pushes pedal on car-to-car communication

OIL AND GAS
Iraq forces advance in strategic northern town: officers

IMF plans $833 mn in emergency aid to Iraq

Iraqi forces foil bomb attacks on bases: officer

Iraq allies vow support for bid to regain Ramadi from jihadists

OIL AND GAS



The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.