Helms: Oil
Industry Ready to Set All-Time Record
The state’s top oil
industry regulator says he expects his prediction that North Dakota will
set a new all-time high for oil production will come true this summer.
Lynn Helms, Director
of the Department of Mineral Resources, said during an interview on the
radio program
What’s on Your Mind
, that he made a trip through the
oil patch this week. Helms said all indications point to a busy summer
for the industry.
Click
here
to listen to Helms’ comments.
Helms said he
expects additional progress will be made to resolve the state’s natural gas
capture problem. He said all the right people were in attendance at the
meeting in Bismarck this week to discuss the issue.
Click
here
to listen to Helms’ comments.
Helms pointed out
midstream companies are investing $3 billion in gas capture and processing
infrastructure this year. But he cautioned that additional investment will
be required soon as North Dakota’s natural gas production continues to
grow.
WDEA Executive Director Geoff Simon - Top North Dakota Energy Stories
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