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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.

Bakken
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Southland Royalty sold its San Juan Basin assets to MorningStar for $17.3 million. We go over the basics with an emphasis on the data needed to evaluate Southland Royalty's acreage in the San Juan Basin.

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As demands for water management solutions increase, service companies are looking for new ways to optimize their ability to recycle and store this water.

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As you know the US Oil Rig Count has dropped by over 20% from January to December 2019. In Texas we saw oil rigs count dropping over 30% in that same time frame.