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Halt in drilling by one of North Dakota's largest oil producers expected to bring layoffs
Continental Resources will halt three drilling rigs by February due to crude prices near or below $50–$65 per barrel, risking layoffs and reducing North Dakota rig counts.
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Halt in drilling by one of North Dakota's largest oil producers expected to bring layoffs
BISMARCK — A stop to oil drilling in North Dakota by one of the largest producers in the state will likely lead to layoffs but is “nothing new” to the industry, experts said. Harold Hamm, founder of Continental Resources, said his company plans to stop drilling in North Dakota’s Bakken formation for the first time in 30 years because of low crude oil prices, according to a Monday, Jan. 19, report. At a North Dakota Industrial Commission meeting …
·Fargo, United States
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Total News Sources3
Leaning Left0Leaning Right2Center1Last UpdatedBias Distribution67% Right
Bias Distribution
- 67% of the sources lean Right
67% Right
C 33%
R 67%
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