Bakken boosts its gas infrastructure
Oil is still a serious business in the Bakken shale, but when it comes to midstream, the money is on gas
Driven mostly by US production growth concentrated around the oil-generating geology of North Dakota, the Williston basin’s midstream footprint has expanded according to the region’s unique and evolving needs. Gas-to-oil ratios have flipped in the Williston basin over the past six years, increasing more than 90pc since 2016 from 1.51mn ft³/d (42,800m³/d) to 2.8mn ft³/d per bl of oil produced. Drilling activity in the Bakken shale is nearly four times higher than it was two years ago. As in the Permian basin, oil production in the Williston has a high rate of associated gas. But the Bakken’s residual gas is rich in NGLs, and that requires infrastructure generally more akin to North Texas’ Bar
Also in this section
4 October 2024
Economic ill-health may be a wake-up call to the world about the Asian nation’s shifting oil buying status
3 October 2024
The formation’s gas-to-oil ratio is set to keep rising, but new markets and midstream plans mean infrastructure constraints may not be an issue
2 October 2024
Geopolitical strife embroiling Iran and political corruption in Venezuela suggest little near-term change to oil production from either of the sanctioned states
1 October 2024
Our look into Petroleum Economist's archives continues with October 1960 coverage of another key moment in the history of oil and gas: the founding of OPEC