← Back to Blog

Bakken Monitor – November 2018

North Dakota's oil production for August set a fresh high at 1.291 million b/d (+22,000 b/d m-o-m), ahead of our forecast of 1.278 million b/d (+9,000 b/d m-o-m). For September, we see production breaching 1.3 million b/d for the first time, at 1.332 million b/d (+41,000 b/d). Merger and acquisition activity in the LTO sector has continued apace in recent months, with Encana and Newfield the latest deal, valued at $5.5 billion. The market has generally punished acquirers, however. The mid-terms have left Trump’s presidency with some minor roadblocks as Democrats take the House, but impeachment remains unlikely. Proposition 112 in Colorado was defeated in the recent elections, which potentially would have taken c. 75% of remaining land away from drillers....

Please log in to view
the rest of this report.

Not yet a subscriber?
Contact us today!

If you do not yet have an account with us and would like to register or find out more, please contact us using our client services form, send an email to admin@petrologica.com or call us on +44(0)1206 823 295.

by Graham Walker // 15 November, 2018

←   Back to Blog