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North Dakota's production averages 1.402 million b/d in January, slightly off all-time high

Houston — North Dakota's production for January averaged 1,402,402 b/d of oil, slightly missing the state's record high set in December, the North Dakota Industrial Commission's Department of Mineral Resources said Friday.

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January's natural gas production did set a new high of 2.72 Bcf/d, up 2.5% from December's 2.65 Bcf/d.

Average January oil production was below the all-time high in December of 1,402,741 by about 300 b/d, or a fraction of 1%.

Another all-time high was set in the number of producing wells in January - 15,397, up from 15,369 in December.

The number of rigs currently running in North Dakota, 65, is relatively stable with February's 64, January's 66 and December's 67 averages, NDIC said.

The all-time high for rigs was 218 in late May 2012.

-- Starr Spencer, starr.spencer@spglobal.com

-- Edited by Richard Rubin, newsdesk@spglobal.com