Stubborn Bakken Production
We focused on the Bakken, where production continues to climb despite much lower rig and completion counts. Resilient Bakken production has been helped by the drawdown of DUC inventory in 2017 (contrary to EIA data) while the continued growth in well intensity (ie sand volumes) suggests Bakken production could grow again in 2018. In other ar- eas, DUC & well intensity trends have varied widely as E&Ps try differing completion strategies (ie some are cutting rigs to deplete DUCs while others are cutting eets to build DUCs).
For access to the full report visit: https://corasresearch.com/coras-trends/