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Sector Analysis
Bakken Shale in the US, 2019 – Oil and Gas Shale Market Analysis and Outlook to 2023
There is considerable potential to raise the crude oil production in the Bakken shale play from current levels of 1.44 million barrels of oil per day (mmbd) to at least 2 mmbd. Bakken oil wells have shown competitive performances when compared to recently completed wells in the Permian Basin and Eagle Ford. Bakken wells exhibit the lowest breakeven price among the three shale plays at US$30.50 per barrel (bbl), mainly due to the exceptionally high 30-day initial production (IP) rates...