Oil output in North Dakota reached a record high for the state in October, with production rising to just over 941,000 barrels per day, according to data released by the North Dakota Department of Mineral Resources.
Natural-gas output also climbed to a high of slightly more than 1.07 billion cubic feet per day.
“We set a new production record again in October and had a well-record both in oil and natural gas,” Lynn Helms, the department director, said during a press call Friday.
Helms noted, however, that the uptick in production from September to October, which registered as an increase of approximately 8,600 barrels per day, was less than expected.
“It was maybe a little bit lackluster in terms of the production increase, less than what we would have maybe anticipated for the amount of drilling and well-completion going on out there,” he said.
Heavy rains in North Dakota’s McKenzie County leading to road closures that lasted several days were to blame for tepid production gains, Helms said, estimating that output would likely have been 10,000 to 15,000 barrels a day higher in dry weather.
When asked when he expects the state to hit the production threshold of 1 million barrels of crude per day, Helms said that will likely happen early next year as state officials have previously estimated.
“We’ve always been predicting that that would come early next year so even with what happened in October … all it does is postpone it. It doesn’t mean we’re not going to get there,” he said.
The surge of production in North Dakota’s oil patch has been a major driver of increased domestic crude output overall. And earlier this month, the Energy Information Administration released data indicating that U.S. crude production recently reached a 25-year high.
The Census Bureau also released data this week showing that many counties in North Dakota have seen household incomes rise at a much faster pace in recent years than most counties across the country.
What We're Following See More »
The New Yorker has endorsed Hillary Clinton, saying that "barring some astonishment," she will become the next president. Calling Clinton "distinctly capable," the magazine excoriates Donald Trump as a candidate who "favors conspiracy theory and fantasy, deriving his knowledge from the darker recesses of the Internet and 'the shows.'" Additionally, the historical nature of the possibility of "send[ing] a woman to the White House" is not lost on the editors, who note the possibility more than once in the endorsement.
AT&T agreed to a deal on Saturday to buy Time Warner Inc. for a reported $85.4 billion, a merger that would turn AT&T into a media giant. The two companies announced that they hope to have the deal closed by the end of 2017. However, the completion of the deal will likely not be smooth sailing, as the deal faces potential backlash from antitrust workers, as well as lawmakers. Following the merger's announcement, multiple lawmakers raised skepticism and said they plan to scrutinize the deal further, with Minn. Sen. Amy Klobuchar calling for a hearing.
The Las Vegas Review-Journal, owned by casino magnate and GOP donor Sheldon Adelson, became the first major city newspaper to endorse Donald Trump over the weekend.“Mr. Trump represents neither the danger his critics claim nor the magic elixir many of his supporters crave,” the editorial read, acknowledging concerns about Trump’s temperament. “But neither candidate will ever be called to the dais to accept an award for moral probity and character,” the paper said. “And we are already distressingly familiar with the Clinton way, which involves turning public service into an orgy of influence peddling and entitlement designed to line their own pockets — precisely what a disgruntled electorate now rises up to protest.”
Hillary Clinton leads Donald Trump by 12 percentage points among likely voters, 50 to 38 percent, in a new ABC News tracking poll, "her highest support and his lowest to date in ABC News and ABC News/Washington Post polls. Gary Johnson has 5 percent support, Jill Stein 2 percent. Clinton led by only four points in the last ABC/Post poll on Oct. 13.
President Obama "will make a late splash into races for state senate and assembly over the next week, endorsing roughly 150 candidates across 20 states. He’ll also back a candidate for the North Carolina Supreme Court. The endorsements — which will come along with a variety of robocalls, social media posts, mailers, photos of Obama with the candidates taken as he’s been traveling to campaign in recent weeks, and even a few radio ads — are Obama’s biggest investment in state races ever by far."