North Dakota Oil Drilling Expansion

planned

Prospective

North Dakota oil producers are cautiously approaching drilling expansion despite higher crude prices due to the Iran conflict and tighter global supply. Companies are mostly sticking to budgets set at the end of last year, limiting immediate drilling activity increases. Continental Resources plans to add a rig and resume drilling after a pause earlier in the year, with other producers possibly adding rigs if elevated prices persist. Oil production in North Dakota rose slightly in March, and the number of well permits issued increased in April, indicating a potential near-term increase in drilling activity.

United States of America (USA)

Pipeline and Gas Journal

Project

Oil and Gas