Bakken – Gotta Spend to Produce

This week, we have compiled the latest Bakken data with four key operators reporting Wed / Thur (CLR, WLL, OAS, WPX) and EIA North Dakota production due on Friday. As a broad takeaway, North Dakota production has held a tighter correlation to spending than any other basin (partially due to maturing efficiency gains), implying that producers have limited room to slash Bakken capex or risk production cuts.

For access to the full report visit: https://corasresearch.com/reports/

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