Locator: 44365B.
How incredible is the Bakken?
Although Russian exports are about 2.5x Bakken’s total production, the “two” are in the same ballpark: lower-single-digit millions.
Bakken sweet light sells at a premium to WTI. Russian Urals sanctioned. Yes, I know. Don’t write me.
Not a bit unexpected.
The Bakken, right now, is concentrating its wells on two counties, maybe three. and that’s it.
WTI is up $1.73 today. And this is during a recession. Which is projected to get worse.
The gap between investors and non-investors continues to grow.
Russia: dollar cost of war to Putin.
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