Bakken Note -- Random -- December 16, 2019

2020 will be a make-or-break year for operators in the Bakken. Banks have little appetite for increased lending. It will be interesting to see if private equity in the Bakken becomes the big story.

One assumes the DAPL expansion will be approved. If not, huge damper on Bakken enthusiasm in the short term.

Deep pockets will be the story in the Bakken, 2020.

The companies in the Bakken to watch in 2020, in arbitrary order, but in some kind of order:

• Oasis 
• Whiting
• NOG
• CLR
• EOG
• Hess
• XTO
• Kraken
• Zavanna
• Enerplus 
• Equinor
• BR (COP)
• Crescent Point
• Denbury
• Liberty Resources
• MRO
• WXP
• Lime Rock Resources
• Newfield (Encana)
• Nine Point Energy
• Petro-Hunt
• QEP

A non-Bakken company that will be most interesting to follow in 2020: OXY.