Download from Platts.com McGraw Hill Financial
[Editor: Platts.com is an excellent source of energy industry insider information. Their 4-page May, 2014 report, “Bakken: The King in the North,” has technical data on Bakken background, industry trends and market predictions. I have excerpted a few sample quotes below. – RS]
Bakken: The King in the North
Bakken crude oil represents light sweet crude produced from the Bakken Shale Formation in the North Dakota / Montana / Saskatchewan / Manitoba region. Production from the US side of the Williston Basin, the sedimentary basin that contains the productive Bakken Shale Formation, crossed the 900,000 b/d mark in November 2013 and was more than 888,000 b/d in February, according to the North Dakota Pipeline Authority and estimates from Bentek, a unit of Platts.
Pipeline capacity out of the Bakken is set to increase from 600,000 b/d currently to over 1 million b/d by early 2016….
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