Bakken-Monitor-August-2016


Add to Basket £59.99 inc VAT


Bakken Monitor – August 2016

  • North Dakota's oil production rose slightly to 1.047 million b/d in May from 1.041 million b/d in April (+6,000 b/d m-o-m, in line with our forecast of 1.045 million b/d)
  • Production held firm as c. 20,000 b/d of outages due to weather in April returned to production, as highlighted in the previous Bakken Monitor
  • We forecast 1.032 million b/d of production in June (-15,000 b/d m-o-m), with total US LTO production of 3.971 million b/d in 2016 (-568,000 b/d y-o-y)
  • We take a contrarian view to the growing analyst and industry consensus on a strong production rebound based on technological improvements in the shale patch
  • Recent comments by Schlumberger CEO Paal Kibsgaard support our analysis that any rise in oil prices will see E&P companies give back the cost gains of recent months
  • We use Continental Resources as a case study in questioning claims of radically improved estimates for ultimate recovery based on completion methods
  • Geology matters, we see longer laterals and, most importantly, better rock, as having the biggest impacts on recovery, while better completions accelerate production

Please purchase or subscribe to this report to continue reading or log in if you have already done so.


Not yet a subscriber?
Subscribe and Save 20%

If you are interested in a corporate subscription, please contact us at admin@petrologica.com or call us on +44(0)1206 823 295.