North Dakota Likely to See Big Drop in Oil Production as More Companies Turn Away from Bakken
North Dakota Likely to See Big Drop in Oil Production as More Companies Turn Away from Bakken
SUGAR LAND--January 17, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--North Dakota's state regulators said last week that weak crude-oil prices and frigid winter weather likely will push oil production in the state below 1 million barrels per day by the end of January. The estimate is one of several trends, including rising exploration expenses, which have dampened the long-term outlook for North Dakota's oil production. Industrial Info is tracking more than $1.3 billion in active projects in North Dakota's Oil & Gas Production, Pipeline and Terminals industries.
Within this article: Details on some of the highest-valued projects in North Dakota's Oil & Gas Industry, including those from major companies such as Enbridge Incorporated (NYSE:ENB), TransCanada Corporation (TSX:TRP), Energy Transfer Partners LP (NYSE:ETP) and Hess Corporation (NYSE:HES).
Other companies featured SM Energy Company (NYSE:SM), Sanchez Energy Corporation, Venado Oil and Gas LLC.
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