North Dakota's Bakken Pumps Less Oil for First Time in Decade
- Shale basin producing 1.1% less crude than a year ago
- Crude in North Dakota worth $7 less than in West Texas
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The shale boom in North Dakota has softened to a whisper.
The state’s Bakken oil region produced less oil in September than it did the previous year, the first time that’s happened in more than a decade. Output fell as low oil prices, exacerbated by the region’s remoteness, caused companies to scale back drilling operations and delay completing new wells.