Story perspectives

North Dakota Oil Production Steady, Revenue Surges to $49.5M

12/24/2025

Summary

Story summary

North Dakota's oil production remained steady at 1.17 million barrels per day in October.
Nathan Anderson, the state's oil regulator, expects oil prices to stay in the low $50s in 2026.
Companies are drilling longer horizontal wells, with over 1,000 permits for three-mile wells, representing 30% of completions.
This innovation expands drilling into less productive areas and increases state revenue from oil rights auctions to $49.5 million in October 2025.

1 of 1

Story summary

North Dakota's oil production remained steady at 1.17 million barrels per day in October.
Nathan Anderson, the state's oil regulator, expects oil prices to stay in the low $50s in 2026.
Companies are drilling longer horizontal wells, with over 1,000 permits for three-mile wells, representing 30% of completions.
This innovation expands drilling into less productive areas and increases state revenue from oil rights auctions to $49.5 million in October 2025.