North Dakota’s oil output soared 14% in August as more wells shut down earlier in the spring because of the coronavirus crisis came back online.
“It is nice to note that we are back on the road again to healthy production,” Lynn Helms, director of North Dakota’s Mineral Resources Department, told reporters Friday.
Still, Helms noted that while oil prices have been high enough to return wells to production, they are still too low to drill and frac new wells. So, while September’s oil data is likely to show another increase, production will likely fall thereafter.