Tag Archives: North Dakota Petroleum Council

North Dakota’s Oil Bust in the 1980s

For Christmas 1989, Jeff Meyer of the Associated Press wrote a summary of the state’s economy in the 1980s: Drought and low prices in the energy and farm sectors made the 1980s a decade of despair for some North Dakotans. … Continue reading

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The North Dakota Oil Production Slump and Turnaround in the 1990s

Despite production growth in the Bakken formation around 1990, at that time North Dakota’s oil industry was in the midst of a 11-year decline, from 1984 through 1994. In March of ’94, the Associated Press reported: Despite lagging production, North … Continue reading

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