BISMARCK, N.D., Aug. 1 (UPI) -- Ahead of a special legislative session to review the state budget, North Dakota state data show a modest recovery underway in oil and gas exploration activity.
State data show 35 rigs actively exploring for or producing oil and gas as of Monday, an increase of nearly 10 percent from last week. The move in North Dakota mirrors developments elsewhere in the United States, where relative stability in crude oil prices, since a collapse below $30 in early 2016, is building confidence in the industry.