This is true. None of the countries wants to cut production, OPEC countries or Russia. This will have slowing effect on Texas and ND. Small companies will either be bought out or go bankrupt. ND revenue will decrease. Only the sweet spot will continue to produce, because oil is going lower before it recovers and levels off between $60 and $80 a barrel. Peak oil is dead. The only way the Saudis maintain market share is too keep production level and drive down the price to level off the shale production.
Critical for ND to pour money into the Bakken for infrastructure. This is an investment in the future to prevent development from feeing to other shale that is not develop at this time.