HOUSTON, April 12 (Reuters) - Operators in North
Dakota's Bakken oilfield reduced their rig count to 36 in April,
down from 40 in March, marking the lowest number this year as a
wave of consolidation has swept through the oil patch, state
regulators said on Friday.
"Their drilling budgets are disrupted especially if both are
active in the Bakken. They may have an entirely new rig
schedule, trying to coordinate with the midstream folks to come
up with gas capture plans," said Lynn Helms, North Dakota
director of mineral resources.
He pointed to the recently announced $11 billion merger
between Chord Energy ( CHRD ) and Enerplus. And last year, U.S.
oil giant Chevron ( CVX ) proposed to buy Bakken-focused
producer Hess Corp. ( HES )
Crude oil production in North Dakota rose 13% in February
compared with the prior month, after hitting a one-year low in
January when a cold snap disrupted activity, state regulators
said.
Output in the third-largest oil producing state rose 144,000
barrels-per-day (bpd) to 1.247 million bpd, monthly data from
the state Industrial Commission showed.