Bakken After DAPL Is in Operation: Still Hard to Compete10/27/2017
North Dakota’s Bakken shale play will remain at certian disadvantage against Texas and Oklahoma even after the DAPL pipeline is in full service.
The break-even cost drilling cost for the basin is estimated to drop to $52 a barrel from $55 due to shift away from rail transportation to the DAPL. However, that compares with about $46 on average in Texas’s Permian play and $41 in Colorado’s DJ basin.
The 1,172-mile (1,886-kilometer) pipeline is designed to ship as much as 570,000 barrels of crude.
Bakken was named for Henry Bakken, a North Dakota farmer whose land hosted the first well in the region in the early 1950s,
It is expected to produce an average of 1.1 million barrels a day of oil this year and next, a figure lower than the 1.2 million barrels produced in 2015, according to the Energy Information Administration.
At the same time, Permian production is expected to reach 2.9 million barrels a day by the end of next year, the EIA said in July.
Bakken activities are easy to trace and examine with a complete and up-to date oil and gas information from well activity to processing and exporting on our Bakken Infrastructure Map.
Nuevo Midstream will add 100 miles of gathering pipeline in Gonzales, Lavaca, and Dewitt counties to its Eagle Ford assets.
NGL Energy Develops Its Portfolio of Wholesale Propane Business Assets. Bought From DCP
Midstream companies seek partnerships, connect their most robust assets to the fastest growing markets. Let us see what they did this past February