Hess’ Bakken gas-gathering efforts bear fruit
The company reports a remarkable shift in its oil/gas mix in the North Dakota shale play
The carbon footprint of US shale oil, particularly due to fugitive methane from lack of gas-gathering capacity, has become a hot-button topic. But it appears the efforts of US independent Hess in the Bakken shale over the past 12 months have made a significant difference to volumes of gas it is collecting from its oil output. New president Joe Biden and the environmental wing of his Democratic party have methane emissions from shale drilling firmly in their sights. Hess’ numbers should therefore be good news for the US unconventional production industry as a while. Overall, the firm’s Bakken production in Q4 2020 went up by almost 9pc from the same period in 2019, from 174,000bl/d oe to 189,
Also in this section
10 December 2024
Sector at economic and strategic crossroads, but clear path ahead for midstream additions
30 November 2024
Decades of turmoil have left Iraq’s vast energy potential underutilised, but renewed investment and strategic reforms are transforming it into a key player in the region
29 November 2024
The country's fifth and sixth oil and gas bid rounds have attracted a range of new players with gas as well as oil ambitions—and there’s a seismic shift in the contracting process
28 November 2024
Iraq is charting a new path for its indigenous resources and its youth, hoping to electrify the future with a mix of reforms and modernisation to fuel growth
