Seasonal Issues, Low Oil Prices, Curb North Dakota Production

Crude oil prices are below budgeted levels and production is on the decline, data from North Dakota state regulators showed.North Dakota regulators released production data for September, showing oil production averaged 1.16 million barrels per day (BBL/d). That equates to about 10% of total U.S. inland crude oil production, but marks a 0.43% decline from August levels.