Title : Is The Bakken Facing Another Round Of Takeaway Constraints, Part 2 -- RBN Energy -- November, 1, 2018
link : Is The Bakken Facing Another Round Of Takeaway Constraints, Part 2 -- RBN Energy -- November, 1, 2018
Is The Bakken Facing Another Round Of Takeaway Constraints, Part 2 -- RBN Energy -- November, 1, 2018
Newfield: in the news today -- futures suggest NFX to jump 25% on opening this morning- where's Newfield?
- Encana to buy Newfield Exploration in all-stock deal; $5.5 billion
- Newfield Exploration, earnings, beats expectations -- huge beat
-
- $1.01 vs estimates of $085
- one year ago: $0.52
- for investors, which is the better stock, NFX or CLR (posted October 19, 2018, before Encana news today)
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Back to the Bakken
Wells coming off the confidential list today -- Thursday, November 1, 2018:
34754, conf, Hunt, Trulson 156-90-11-14H-4, Ross, no production data,
34260, conf, MRO, Walking Eagle USA 44-12TFH, Reunion Bay, no production data,
32959, conf, Oasis, Ceynar 5298 44-32 14TX, Banks, a nice well:
32958, conf, Oasis, Ceynar 5298 44-32 15BX, Banks, a nice well:
31259, conf, Oasis, Kjorstad 5300 34-22 4T, Willow Creek, producing:
Active rigs:
| $64.88↓↓ | 11/1/2018 | 11/01/2017 | 11/01/2016 | 11/01/2015 | 11/01/2014 |
|---|---|---|---|---|---|
| Active Rigs | 69 | 53 | 34 | 70 | 193 |
RBN Energy: is the Bakken facing another round of takeaway constraints? Part 2. Archived.
Pipeline capacity constraints are nothing new to producers in the Bakken. Prior to the completion of the Dakota Access Pipeline (DAPL) in mid-2017, market participants had been pushing area pipeline takeaway to the max. When DAPL finally came online following a lengthy political and legal battle, producers and traders were able to breathe a sigh of relief. But with Bakken production steadily increasing over the past 18 months — and primed for future growth — new constraints are on the horizon. Over the next year or so, Bakken output could overwhelm takeaway capacity and push producers to find new market outlets. The questions now are, which midstream companies can add incremental capacity, how much crude-by-rail will be necessary, and is there a chance a major new pipeline gets built? Today, we forecast Bakken supply and demand, discuss some upcoming projects and lay out the possible headaches for Bakken producers heading into 2019.
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