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Deep Freeze Cuts North Dakota Oil Production by 280,000 Bpd
Freezing temperatures have slashed North Dakota’s crude oil production by up to 280,000 barrels per day (bpd) in recent days, according to estimates from the North Dakota Pipeline Authority as of Sunday, reported by Reuters. Natural gas production in North Dakota also fell, due to the Arctic blast and frigid weather that has settled across much of the United States in recent hours. Before the dip in crude oil output this weekend, North Dakota was producing around 1.2 million bpd-1.3 million bpd of oil. The all-time high of 1.52 million bpd production was reached in November 2019, just before the pandemic. The ... (full story)