A winter blizzard sweeping across the northern United States has cut North Dakota's oil output by 200,000 to 250,000 barrels per day (bpd), or 18% to 22%, state Pipeline Authority Director Justin Kringstad estimated on Friday.
A winter storm pounded the heart of the United States, bringing heavy snow and freezing rain to Northern Plains and Midwestern states. Oil and gas wells suffer freeze-ins when temperatures drop.
Major oil and gas processing plants and pipelines have remained operational to the best of his knowledge, he said, adding that most roads remain closed. Bryan Sheffield, founder of energy fund Formentera Partners, which has assets in the state, estimated based on conversations with pipeline operators that production is down about 20%. Output is likely to be restored over the weekend, he added.
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