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Daily Prices

8/30/24

North Dakota Oil Production Gassier than Ever, Regulators Say

By Andrew Baker

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Published in: Daily Gas Price Index Filed under:

North Dakota’s oil production contained its highest share of associated natural gas in history during June, according to state regulators.

Graph showing North Dakota's crude oil and natural gas production

The statewide gas-to-oil ratio (GOR) in June averaged 2.95 Mcf of natural gas per bbl of oil produced, topping the previous record of a 2.93 Mcf/bbl ratio in May, according to North Dakota Pipeline Authority Director Justin Kringstad.

June’s figure “is the highest we’ve had in development history here,” Kringstad said during a press briefing on Thursday (Aug. 15). “We’re going to see ups and downs with this trend, but the general consensus is we’re going to see this continue to move up and to the right as these wells age.”

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Andrew Baker

Andrew joined NGI in 2018 to support coverage of Mexico’s newly liberalized oil and gas sector, and his role has since expanded to include the rest of North America. Before joining NGI, Andrew covered Latin America’s hydrocarbon and electric power industries from 2014 to 2018 for Business News Americas in Santiago, Chile. He speaks fluent Spanish, and holds a B.A. in journalism and mass communications from the University of Minnesota.