North Dakota Oil Production Fell 30% In May, 2020

Director's Cut, May, 2020, summary here.

From SeekingAlpha:

Meanwhile, June production already bounced back to over 1 million bopd.

From HFI over at SeekingAlpha: the ND Bakken will never be the same.

• Summary
• since 2017, Bakken has surprised to the upside.
• but with DAPL stuck in legal court battles and uncertainty around takeaway capacity continuing, Bakken's production base will fall.
• lower completion activity for 2021 and beyond will result in lower projections of ~250k b/d.
• with the rest of the US shale oil basins wounded, Permian will be the only basin left to carry the US. We see Q4 2019 as peak US oil production.