Bakken Monitor – September 2017
North Dakota's oil production fell to 1.032 million b/d (-8,500 b/d m-o-m) in June, in
line with our forecast of 1.027 million b/d. We see July production flat. The EIA has continued to revise down weekly production estimates by c. 200,000 b/d after publishing its latest monthly production survey. With 2Q17 financial results now in, LTO focussed operators tick back into positive net income and negative free cash flow as a group....