Takeaway capacity more than adequate: Helms
North Dakota’s April oil and gas production report was released and indicates that production and rig count is up thanks to stabilized WTI oil prices between $45 and $60/barrel.

Lynn Helms of the North Dakota Industrial Commission’s Department of Mineral Resources said operators has shifted from running the minimum number of rigs with the bump to 62 rigs in May.

Helms also noted that “current operator plans are to add 5-10 rigs in the second and third quarters of 2018 depending on workforce and...

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