- Since 2017, Bakken has surprised to the upside.
- But with DAPL stuck in legal court battles and uncertainty around takeaway capacity continuing, Bakken's production base will fall.
- Lower completion activity for 2021 and beyond will result in lower projections of ~250k b/d.
- With the rest of the US shale oil basins wounded, Permian will be the only basin left to carry the US. We see Q4 2019 as peak US oil production.
Friday, July 17, 2020
Seeking Alpha - U.S. Oil Production - Bakken Will Never Be The Same Again
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