How has the Bakken survived the oil pricing crash?
The investment landscape in the Bakken play of North Dakota and Montana experienced dramatic shifts in the wake of the crude oil price collapse. Capital budgets have been slashed, well completions deferred, and horizontal rig counts reduced by over 50% from their peak in October 2014, while down-spacing has become the new norm over testing more prospective acreage. Virtually no companies have emerged unscathed from the large trough into which prices fell, but some have endured this volatility better than others.
Enhanced Completions and Well Downspacing Keep the Bakken Pumping report provides information and insight on how production and development in the Bakken has behaved subsequent to the oil price crash.
This report will clarify:
- Improved completion and drilling methods and their effect on well efficiency and performance
- The geology of the Bakken play and the formations which constitute it
- Expected company behaviour through 2015 and 2016
- How the Bakken survived and continues to endure the low price environment and the measures that operators are taking to keep producing
- Down-spacing operations and how they affect Bakken production and productivity per acre
- Have one free hour with an analyst to ask any questions you have about the report
Get a detailed insight on the capital budgets of major players in the Bakken play and their plans going forward in 2015.
The report is published by GlobalData and Market Research Reports is Available with Aarkstore, Sector Energy and Power