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Bakken Shale witnessed an increase of 16.52% in total oil and gas production to 14,97,240.46 boe/d in July 2020 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production in Bakken declined 25.82% in July 2020 from 20,18,377.58 boe/d in July 2019. On a YTD basis, the total oil and gas production in the play decreased by 12.6% from the same period in 2019.
In Bakken, oil production grew 16.65% in July 2020 as compared with the previous month, while gas production increased by 16.17% to 2,423.86 mmcf/d.
On a YTD basis, oil production in the play decreased by 14.46% in 2020 when compared with the same period in 2019, while gas production declined by 7.32%. Out of the total oil and gas production in July 2020, oil held a 72.09% share, while gas had a 27.91% share.
In Bakken, Hess emerged as the largest oil and gas producer, recording a total oil and gas production at 1,99,966.91 boe/d in July 2020, an increase of 3.82% from the previous month. The company held a 13.11% share in oil production and 13.98% share in gas production in July 2020.
On a YTD basis, the company registered a 30.74% increase in total oil and gas production from the same period in 2019.
Compared with other counties within Bakken Shale, Mckenzie county recorded the highest oil and gas production, holding a 39.88% share in July 2020. The county witnessed a 20.66% increase in production to 5,97,080.55 boe/d in July 2020 when compared with the previous month.
On a YTD basis, it registered a decline of 13.6% in total production from the same period in 2019.
Methodology
All publicly announced wells data are included in this analysis, which is drawn from GlobalData’s USL48 database that provides insights into oil and gas permits and wells as disclosed by state ministry sites.
GlobalData collects the latest production data and analyses the trends when it is made available for public disclosure by state ministries. Differences, if any, between the period of activity and the article date may be attributed to delays in the issuance of data.
