{"id":72439,"date":"2015-05-13T10:48:21","date_gmt":"2015-05-13T15:48:21","guid":{"rendered":"http:\/\/csinewsnow.com\/?p=72439"},"modified":"2015-05-13T10:48:21","modified_gmt":"2015-05-13T15:48:21","slug":"nd-oil-rigs-operating-trigger-point","status":"publish","type":"post","link":"http:\/\/csinewsnow.com\/?p=72439","title":{"rendered":"ND oil rigs operating, trigger point"},"content":{"rendered":"<p>\u00a0<a href=\"http:\/\/csinewsnow.com\/wp-content\/uploads\/2012\/11\/oilwells.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-7251\" alt=\"oilwells\" src=\"http:\/\/csinewsnow.com\/wp-content\/uploads\/2012\/11\/oilwells.jpg\" width=\"168\" height=\"126\" \/><\/a>BISMARCK, N.D. (AP) &#8211; North Dakota oil drillers produced an average of about 1.19 million barrels of oil a day in March.\u00a0<br \/>\n\u00a0<br \/>\n\u00a0\u00a0\u00a0\u00a0 The Department of Mineral Resources says the March production was up about 12,500 barrels a day from February&#8217;s average.<br \/>\n\u00a0<br \/>\n\u00a0\u00a0\u00a0\u00a0 Western North Dakota&#8217;s oil patch had a record 12,430 producing wells in March, up from 12,199 in February.\u00a0<br \/>\n\u00a0<br \/>\n\u00a0\u00a0\u00a0\u00a0 The state also produced 47.1 million cubic feet of natural gas in March. That&#8217;s up from 41.3 million cubic feet of natural gas in February.<br \/>\n\u00a0<br \/>\n\u00a0\u00a0\u00a0\u00a0 The average drill rig count in March was 108, down from 133 in February.<br \/>\n\u00a0<br \/>\n\u00a0\u00a0\u00a0\u00a0 Drilling activity has slowed in recent months with slumping oil prices.<br \/>\n\u00a0<br \/>\n\u00a0\u00a0\u00a0\u00a0 The number of drill rigs operating on Wednesday was 83.<\/p>\n<p>\u00a0Unless oil prices take a sudden nosedive, North Dakota&#8217;s petroleum industry won&#8217;t start reaping the benefits of a tax cut that would decrease state tax collections by about $80 million a month through November.<br \/>\n\u00a0<br \/>\n\u00a0\u00a0\u00a0\u00a0 State Tax commissioner Ryan Rauschenberger (RAW&#8217;-shuhn-bur-gur) and North Dakota Petroleum Council President Ron Ness say the &#8220;trigger&#8221; tax break for the oil industry likely won&#8217;t happen.<br \/>\n\u00a0<br \/>\n\u00a0\u00a0\u00a0\u00a0 If oil prices average below $55.09 a barrel in May, it will mark the fifth straight month that they will lag below the trigger price and the tax break will go into effect. But oil prices have been about $4 above that so far this month.<br \/>\n\u00a0<br \/>\n\u00a0\u00a0\u00a0\u00a0 Rauschenberger and state Mineral Resources Director Lynn Helms are slated to discuss oil production numbers and the impact of the price trigger on Wednesday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0BISMARCK, N.D. (AP) &#8211; North Dakota oil drillers produced an average of about 1.19 million barrels of oil a day in March.\u00a0 \u00a0 \u00a0\u00a0\u00a0\u00a0 The Department of Mineral Resources says the March production was up about 12,500 barrels a day from February&#8217;s average. \u00a0 \u00a0\u00a0\u00a0\u00a0 Western North Dakota&#8217;s oil patch [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":7251,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"class_list":["post-72439","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-state"],"_links":{"self":[{"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts\/72439","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=72439"}],"version-history":[{"count":1,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts\/72439\/revisions"}],"predecessor-version":[{"id":72441,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts\/72439\/revisions\/72441"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/media\/7251"}],"wp:attachment":[{"href":"http:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=72439"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=72439"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=72439"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}