North Dakota sets May 20 hearing on O&G production cuts
Wednesday, May 6, 2020

A third state is looking into requiring oil and natural gas production cuts: North Dakota.

It would join Texas and Oklahoma that are both considering similar proposals.

North Dakota, the No. 2 oil production state in the United States, have set a May 20 hearing on whether or not the current production of oil and natural gas at low prices is a waste of energy, Kallansh Energy reports. 

That hearing by the North Dakota Industrial Commission could potentially lead to output restrictions.

The commission has asked oil and natural gas producers to weigh in on a wide array of oil market issued and the challenges of cutting or shutting in production from North Dakota's oil-rich wells in the Bakken Shale.

Written comments are due to the commission by May 15.

North Dakota producers face shrinking oil storage capacity.

State officials estimated that 175,000 barrels per day of production was shut in during March at 3,500 wells in North Dakota.

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