GlobalData forecasts Bakken production to fall through 2020. However, it is expected to remain above one million barrels of oil equivalent per day (mmboed) by the end of 2020.
The rig count has declined steeply since early 2020 and was further aggravated by the economic slowdown due to Covid-19 but is forecast to remain at an average of 13 counts in the second half of 2020 as the West Texas Intermediate (WTI) price starts to improve.
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