Bakken faces inventory concerns
The North Dakota shale basin nears a looming acreage problem
Forecasters see the Bakken shale delivering growth in 2023, and the basin remains a cash cow for its operators. But it also sits on the cusp of migration away from its sweetest spots. The Bakken is expected to contribute to growth of c.140,000bl/d, according to Ryan Duman, research director for the Lower 48 upstream at consultancy Wood Mackenzie. “While it cannot deliver the same magnitude of increases that we expect from West Texas, the Bakken remains an important contributor to the overall US supply picture,” he says. Research firm Enverus is less bullish, predicting year-on-year Bakken growth of 50,000bl/d. “For the Bakken, the primary tailwind for producers of late has been an improvemen

Also in this section
30 November 2023
The region’s rapidly evolving infrastructure has a lot to be commended for, but some of the capacity may not be ready in time for next year’s heating season
30 November 2023
Burgeoning middle class and long-term growth from a low base at odds with energy transition efforts
28 November 2023
Countries such as Pakistan will require fossil fuels for a long time to come, requiring a reframing of the narrative around the energy transition
28 November 2023
Rising LNG demand and supply risks are outpacing shipping logistics amid Panama and newbuild challenges