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.
