HES - North Dakota oil production drops ~600kb/d following weekend blizzard

A late-April blizzard brought snow and ice to North Dakota's oil patch, leading the State's Pipeline Authority to estimate that daily oil production has fallen by as much as 60%, or ~600kb/d. The weather comes a week after a prior April blizzard reduced flows ~25%, according to the State's pipeline authority. North Dakota's energy infrastructure, including pump jacks, pipeline compressors and gas processing plants, all require electricity to operate; widespread power outages have been difficult to remedy, as snowy roads make it a challenge to reach impacted infrastructure. According to the local utility, in it's 98-year history, "the damage we have assessed so far is unprecedented. It's the worst damage Montana-Dakota Utilities has had on its system." Commodity traders (USO) are likely to respond to the temporary supply impact, though producers could see lingering effects on production plans; Exxon (XOM) is a major operator in the Bakken, as is Hess (HES). With

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North Dakota oil production drops ~600kb/d following weekend blizzard