Each month, North Dakota Mineral Resources Director Nathan Anderson and Pipeline Authority Director Justin Kringstad release the “Director’s Cut,” offering a detailed look at the state’s oil and gas sector. The March 2025 update, covering January data, shows production dipped slightly but remains strong overall, with rig counts and prices offering a mixed outlook for the months ahead.
North Dakota oil production slipped to 1.17 million barrels per day in January, down 1.7% from December, yet still 6.6% above state revenue forecasts. Natural gas production also fell slightly to 3.3 BCF/day. The rig count dropped to 32 in February, continuing a downward trend. Oil prices averaged $67.64 in January—below the $70 forecast—while natural gas hovered near $3.96. The state issued 102 drilling permits in January and completed 78 wells. Gas capture held steady at 95% statewide.
You can watch the full director’s cut presentation below. The PDF Report is found here.
