Oil production still lags bottom in June – KX NEWS
North Dakota’s latest oil and gas report is released Friday. Department of Mineral Resources Director Lynn Helms calls June a bottom bouncer.
It is a fishing term, to say that the production of oil is lagging behind.
The month saw a 3.6% increase in production, which Helms says is quite insignificant after a 30% drop the month before.
The good news for oil producers? Prices per barrel are back…