Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Thursday, July 7, 2016

Breaking Bakken


After being idled by the crude oil price collapse, Bakken Shale oil & gas producers are ready to get back to work now that commodity prices are creeping higher, but questions remain. What are the magic prices to bring shut-ins, DUCs and new development online? What is the outlook for the 80% of the huge Bakken shale oil and gas field that is still undeveloped? What will it take to revive operations in this more distant resource? 

This 15-page report includes projections from producers, analysts and Bakken gurus such as: Lynn Helms, Director of the North Dakota Department of Mineral Resources; Ron Ness, President, North Dakota Petroleum Council; Jim Volker, CEO of Whiting Petroleum; Harold Hamm, CEO of Continental Resources; Gerbert Schoonman, Vice President for Bakken assets for Hess; as well as encouragement from presidential hopeful Donald Trump.
Referenced in the report:
ConocoPhillips | Continental Resources | Energy Transfer Partners | Hess
RKI Exploration & Production | TransCanada | Whiting Petroleum | WPX Energy
Report Includes:
  • Is $60/bbl oil the new $100/bbl price?
  • Dealing with the high cost of water handling
  • Presidential hopeful Trump promises Bakken producers fossil fuel support
  • Price levels necessary to get shut-ins moving, DUCs flying and new wells drilled
"That's one of the things that the state is struggling with, trying to determine where and how to help operators ramp up operations again in places where there is minimal activity now."
- Ron Ness, President, North Dakota Petroleum Council
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