Shortly after that a reader sent me the Bentek briefing that provided much more background. I don't think the briefing has a date on it, but my understanding is that it is current as of August 14, 2012.
I apologize for the delay in getting this posted.
This is a most incredible briefing.
The presentation focuses on the natural gas play in the Williston Basin due to the Bakken boom.
Slide 3: strong drilling economics, a rising gas-to-oil ratio and greater efficiency will increase the future output from the Williston Basin. Under BENTEK's Base Case Scenario, oil production will climb to 2.2 million bopd and gross gas production will top top 3.0 billion cubic feet per day by the end of 2022.
In bullet form:
- strong drilling economics
- a rising gas-to-oil ratio (also, see slide 16)
- greater efficiency
North Dakota gross gas production will start rising significantly in 2013 and will continue rising through 2025 before leveling off (slide 26). The slide is quite remarkable. Natural gas gathering and processing is well behind the curve (slide 28) and will require significant infrastructure investment.
A huge "thank you" to the reader sending me this briefing. Don't ask me why it took so long to get it posted. Smile.