GlobalData’s latest report, Bakken Shale in the US, 2020 – Oil and Gas Shale Market Analysis and Outlook to 2022′, says that the Bakken Shale play is expected to observe average crude production of 1.1 million barrels per day (mmbd) in 2020. In 2019, it averaged over 1.4 mmbd, which made up almost 17% of the total US oil production.
The oil price drop due to the Covid-19 pandemic has shaken up activity in the Bakken region. The main drivers in the decrease in production are the shutting in of producing wells and the decrease in drilling activity in this region.
Go deeper with GlobalData
Click here to read the full article.
