orth Dakota oil output slips again as outlook for industry gets bleaker

North Dakota oil pro­duc­tion fell 1.7 percent in Au­gust, slip­ping be­low 1.2 mil­lion bar­rels per day in the fifth month­ly de­cline since the state’s out­put peak­ed last De­cem­ber.

The near­ly 21,000 bar­rel-per-day drop from July rep­re­sent­ed the first time in 12 years that the state’s oil out­put fell in Au­gust, a month when the in­dus­try historically has a growth spurt thanks to fa­vor­a­ble con­di­tions, the state Department of Min­er­al Resources re­port­ed.

http://www.startribune.com/n-d-oil-output-slips-again-as-outlook-for-industry-gets-bleaker/332592072/