North Dakota daily oil production rebounds above 1 million barrels

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BISMARCK, N.D. - North Dakota's oil production topped 1 million barrels daily in October, after sliding below the threshold in the two previous months.

The Department of Mineral Resources says the state produced 1.04 million barrels of oil per day in October, up from 971,000 barrels daily in September.

North Dakota sweet crude fetched an average of $39.31 in October, up from $32.98 the month prior.

The price for North Dakota sweet crude on Tuesday was $40.50.

A record 13,457 oil wells were producing in October, up 79 from September.

North Dakota also produced a record 1.71 billion cubic feet of natural gas per day in October, up from 1.61 billion cubic feet daily in September.

The October figures are the latest available because oil production numbers typically lag at least two months.