Despite a wave of well shut-ins by operators across the Bakken Shale this spring, associated natural gas production looks to rebound sooner than expected, leading to an increase of flows to the US Upper Midwest, likely weighing on competing supply hub prices. Bakken production is expected to see temporary gains the coming months and rise as high as 1.9 Bcf/d in October, as wells shut during March’s oil price crash are brought back online, according to S&P Global Platts Analytics. This will weigh on AECO prices as one of West Canada’s main export points faces competition into the Midwest, at least until the winter when Bakken production declines from a lack of new drilling take hold. Platts Analytics’ sample data for Bakken production averaged 2.1 Bcf/d the first three months of the year. After March’s […]