Helms: Oil Industry Ready to Set All-Time Record
Friday, April 27, 2018

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