As of Tuesday morning, oil production is estimated to be down 130,000 to 160,000 barrels per day, around 12% of the region’s daily oil output of 1.1 million barrels per day.
Natural gas production is also down 370 to 450 million cubic feet per day.
In North Dakota, extreme cold spells and production issues are expected, but they also lead to lost revenue for many stakeholders that will take years to make up.
“So, it’s very serious implications. Typically, though, it takes four to seven days before most of that production is back online. If there was any type of damages or anything that might have a longer lead time, it may be weeks or even months before that production gets brought back online,” said Justin Kringstad, executive director of the North Dakota Pipeline Authority.
Kringstad said during times of high demand and low production, a storage field in the southwest region of the Williston basin is filled with natural gas during the summer, where it’s held and delivered to needy communities later.
