I mentioned this in passing when the North Dakota September, 2021, data, was released with the Director's Cut earlier in the week, but I did not headline it:
Comments:
- an incredibly good report;
- natural gas capture rate up from 92% to 94%
- look at that crude oil price appreciation from August, 2021
- two consecutive months with increased production m/m
- rig count pretty much steady but up slightly
- DUC count down slightly, but not worth a headline
But Platts did headline it: Bakken Shale natural gas flaring reaches historical low as production climbs --
- North Dakota gross gas volumes surpassed 3 billion cubic feet / day
- new midstream infrastructure promises upside
So many stories:
- The impending completion of WBI Energy Transmission's North Bakken Expansion natural gas pipeline project is likely to increase the Bakken's ability push more gas to Northern Border Pipeline for ultimate delivery downstream in the Midwest.
- ONEOK recently announced that it will build Demicks Lake III, announced sometime ago, before the project was "suspended."
Lots of information regarding MDU's subsidiary WBI at the linked Platts article.
No comments:
Post a Comment