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
28 May 2025
The country may have the resources, but sanctions and a lack of market access make its gas ambitions look very questionable
28 May 2025
Saudi Arabia and US relations can construct a new ‘field of dreams’, but opportunism may be the new rules of the game
28 May 2025
A shortage of options for the development of port infrastructure to service oil and gas majors is a stumbling block the country needs to overcome to fulfil its potential
27 May 2025
Country is boosting domestic energy production while targeting development of oil and gas reserves in Africa and Asia
