Takeaway Issues Re-Emerging -- May 11, 2019

Another story I completely missed this past week. From Geoff Simon's top ND energy stories:

Bigger Wells Cause ND Production Surge

Pipeline Capacity Shortage Begins to Re-emerge

Most oil industry observers expect North Dakota oil production will continue to grow, but it could happen sooner than they expect, so midstream companies are being urged to step up plans to build additional pipeline and processing infrastructure to handle the surge.

Justin Kringstad, director or the ND Pipeline Authority, said technological advances to recover additional oil have been growing at a pace faster than anyone predicted. During an interview on the radio program, What's on Your Mind, Kringstad said newly completed wells have established new records for initial production.

Click here to listen to Kringstad's comments.

Kringstad said additional gains in productivity will require infrastructure to expand as well.

Click here to listen to Kringstad's comments.

Kringstad said market forces and geological or environmental barriers limit the transportation options available to North Dakota producers. He said additional production will likely travel south to the Gulf.

Click here to listen to Kringstad's comments.

Click here and advance to the 2:25 mark to listen to the full interview with Kringstad.