Bakken news
Rystad analysis indicates US fraccing activity set for biggest monthly decline
Rystad estimates that the total number of started frac operations will end up below 300 wells in April 2020.
Marathon Oil revises 2020 spending
The revised 2020 capital budget of US$1.3 billion or less includes the implementation of 2Q20 frac holidays in the Bakken and Eagle Ford.
Continental Resources revises 2020 capital budget
The company will be reducing its average rig count from 9 to approximately 3 in the Bakken and 10.5 to approximately 4 in Oklahoma.
ESAI Energy: Bakken to surpass record output despite gas bottlenecks
The company's recently published North America Watch attributes the growth in output to increasing rig productivity and efficiency gains in areas outside of the Bakken core.
GlobalData: over US$142 billion will be spent on 97 upcoming oil and gas fields in North America to 2025
Oil sands projects will require US$43 billion, while the investments into heavy oil assets will require almost US$4 billion in upstream Capex by 2025.