Comprehensive Energy Data Intelligence

Information About Energy Companies, Their Assets, Market Deals, Industry Documents and More...

Recent Articles

Canada’s Oil Industry Looks East, Mapping the Export Shift

Canada’s Oil Industry Looks East, Mapping the Export Shift

Canada is accelerating its push to diversify energy exports toward Asia ...

After the $2.7B NuVista Deal, Ovintiv Turns to Anadarko Sale

After the $2.7B NuVista Deal, Ovintiv Turns to Anadarko Sale

Ovintiv is selling substantially all of its Greater Anadarko Basin posit...

More Data Centers Are Popping Up Across The US, Where Is Growth Clustering?

More Data Centers Are Popping Up Across The US, Where Is Growth Clustering?

The US data center footprint is expanding fast, and it is no longer just...

Archive
Tags

Bakken After DAPL Is in Operation: Still Hard to Compete

10/26/2017

Bakken After DAPL Is in Operation: Still Hard to Compete

North Dakota's Bakken shale play will remain at certain disadvantage against Texas and Oklahoma even after the DAPL pipeline is in full service.

The break-even 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 complete and up-to-date oil and gas information from well activity to processing and exporting on our Bakken Infrastructure Map.

Want to see how Rextag’s Energy DataLink works for your team? Click Free Trial to get started, and one of our specialists will walk you through key datasets and workflows.

Article Tags

Bakken

Related Articles