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. This idea was discussed in more depth with members of my private investing community, HFI Research. Get started today ยป Welcome to the Bakken Edition of Oil Markets Daily! One of the key US shale oil basins that surprised to the upside since 2017 was Bakken. From 2017 to 2019, Bakken managed to add 354k bbls and that was the complete opposite of what we expected. But going forward, the future outlook of Bakken remains highly […]