June 26, 2025--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Market volatility may be an impediment to pursuing more upstream activity, a North Dakota regulator said after pointing to a decline in the state's crude oil production. North Dakota is home to the Bakken shale formation, an early darling from the start of the shale boom at the early part of the 2000s. The state ranks third, behind Texas and New Mexico, respectively, in terms of total crude oil production, with the federal government putting March volumes at around 1.16 million barrels per day (BBL/d).
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