Wednesday, January 26, 2011

Analysts: Basin Should Reach 1.2 Million Bbls/Day in 2015 -- Bakken, North Dakota, USA

Link here.

Data points:
  • Financial adviser providing the commentary: Raymond James
  • Williston Basin to reach 1.2 million bbls/day in 2015
  • Recoverable oil estimate: 11 billion bbls
  • Their analysts predict the Bakken will provide ~15 percent of total domestic oil supply by 2015
  • Analysts predict just under 1.2 million bbls oil per day (they estimate 5 percent in 2010)
  • Production will be driven by a) rig count; b) improvements in drilling time and completion techniques
  • Bakken will have implications in domestic oil supply in light of the "permitorium"

2 comments:

  1. Hello Texas. Lower the Rate and N.D. could be #1. good times.

    ReplyDelete
  2. Right now the three choke points or hindering factors: a) infrastructure, big pipelines taking oil out of North Dakota; b) infrastructure, small pipelines taking oil from pads (75% of ND oil is still trucked from well head; c) availability of fracking crews.

    Another minor factor -- weather -- ties in with (b) -- blizzards shut down trucks, though of the three, weather is the least of the problems.

    Until infrastructure in place, many in ND feel the Bakken is being developed fast enough.

    I still think ND leadership should take road trip to Tulsa to see how that area handled growth many years ago; I think Williston has that potential without the long-term population growth.

    ReplyDelete

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