North Slope oil production holds up

It is a surprising accomplishment, but even as oil prices remain in the $50-plus per barrel range the North Slope producers have been able to maintain and even slightly increase production. The North Slope oil fields produced an average of 527,900 barrels per day over Fiscal Year 2017, the budget year ending last June 30, an increase over the average of 516,400 barrels per day producing over the prior year, FY 2016.