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North Dakota Is Pumping Oil at the Slowest Pace in Two Years

  • State’s production falls to lowest level since March 2014
  • Regulator says slowdown to continue through next year

North Dakota oil production dropped below one million barrels a day in August for the first time in more than two years as depressed prices forced explorers to cut back.

Production from the state’s portion of the Williston Basin fell to 981,000 barrels a day, the lowest since March 2014, according to a report by the North Dakota Pipeline Authority. The state’s crude output has shrunk from a peak of more than 1.23 million barrels a day in December of that year.