Monday, July 27, 2015

Helms Updates Legislators on Bakken Slowdown

In a meeting today with state legislators, North Dakota Department of Mineral Resources Director Lynn Helms said the current slowdown in drilling activity in western North Dakota will significantly affect the state's revenue forecast over the next two years. In addition, Helms predicted the slowdown will make it difficult for the state to continue reducing natural gas flaring. Helms noted that North Dakota's rig count stood at 74, down from 191 in December, but added that the rate of permit applications continues to be brisk. Read more

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