Sunday, February 9, 2020

Whiting Looking To Expand In The Bakken -- February 9, 2020

This is quite remarkable. Yesterday I posted the "Bakken graphic of the day," and coincidentally it happened to of Robinson Lake, and now this story below -- about the Robinson Lake Gathering system. 

Multiple reports; here's one link.
Whiting Oil and Gas plans to expand an oil conditioning facility in Mountrail County to accommodate climbing production.

The company seeks approval from the North Dakota Public Service Commission to expand its Robinson Lake Oil Conditioning Facility 8 miles northeast of New Town. The expanded facility would handle up to 65,000 barrels per day of oil, a 20,000-barrel increase over its current capacity, according to an application Whiting filed with the PSC. The oil, once conditioned, would then be taken by pipeline to market.

"Commodity prices have supported an increase in the crude production in the basin and in particular on wells and acreage dedicated to the Robinson Lake Oil Gathering system," the company said in its application. "Due to this increase, and in anticipation of future volume growth, the need has arisen for additional oil conditioning capacity on Whiting's system."
I don't know if folks remember, but Whiting, many years ago, reported very low break-even prices in the Bakken, as has the NDIC.

From twitter earlier today:

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