View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Uncategorised
May 14, 2020

Bakken shale wells shut amid weak oil price climate

By Agne Suipyte

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.

Click here to read the full article.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy


Thank you for subscribing to Offshore Technology