Bakken Shale in the United States (US) - Oil and Gas Shale Market Analysis and Outlook to 2022, 2020 Update

Bakken Shale in the United States (US) - Oil and Gas Shale Market Analysis and Outlook to 2022, 2020 Update

Bakken Shale in the United States (US) - Oil and Gas Shale Market Analysis and Outlook to 2022, 2020 Update


Summary

The Bakken Shale play is the second largest oil producing region in the US behind the Permian Basin. In 2019, it averaged over 1.4 million barrels of oil per day (mmbd) which made up almost 17% of the total United States oil production. This region witnessed an increase in production and activity since 2016, but will suffer a substantial drop in production in 2020. The price drop due to the COVID-19 pandemic has shaken up activity in the Bakken region. The main drivers in the decrease in production have been the shutting in of producing wells and the decrease in drilling activity in this region.
The largest oil producer in the Bakken, Continental Resources reportedly shut in majority of their wells given the circumstance that they have 0% of their production hedged going into 2020. However, the recent rebound in oil prices has given some operators the confidence to bring back some of the wells that were shut in previously, therefore leading to a marginal increase in production in June and July. Such occurrence is expected to offset the decline in legacy production and the fall in rig activity, keeping Bakken forecast to remain above 1 mmbd throughout 2020.
The report analyzes the crude oil and natural gas appraisal and production activities in the Bakken shale play in the US.

Scope

The scope of the report includes -

  • Comprehensive analysis of crude oil and natural gas production across major counties in North Dakota and Montana during 2017-2019, as well as production outlook from 2020-2022
  • Detailed information of impact on monthly production due to COVID-19 pandemic
  • In-depth information of well permits issued in the Bakken Shale across North Dakota, by county and by company from January 2019 to June 2020
  • In-depth analysis of net acreage, reserves, production in 2020, cost trends and planned investments of major companies in the Bakken Shale play
  • Detailed information of financial standings of major companies
  • In-depth analysis on various completion parameters
  • Comparison of planned capital expenditure by major companies
  • Detailed analysis of economic metrics of major players in the Bakken Shale play
  • In-depth analysis of financial and economic metrics of bankrupt companies in the Bakken Shale play
  • Up-to-date information on major mergers and acquisitions in the Scoop-Stack shale between 2018 and 2020
  • Overview of existing and active pipeline infrastructure in and around the Bakken Shale, along with a review of the upcoming projects in the region
Reasons to Buy
  • Develop business strategies with the help of specific insights into the Bakken Shale
  • Plan your strategies based on expected developments of the Bakken Shale
  • Understand the competitive landscape of the companies in the Bakken Shale play
  • Keep yourself informed of the latest M&A activity in this prolific shale play
  • Identify opportunities and challenges in the Bakken Shale in the US


  • Overview
    • Bakken Shale, Recent Developments and Trends
      • Table Figure 1: Bakken Shale, Production in 2020 (thousand barrels per day) vs. Rig count
  • Bakken Shale, Introduction
    • Bakken Shale, Overview
  • Bakken Shale, Production and Activity Overview
    • Bakken Shale, Production Analysis, 2017–2019
      • Bakken Shale, Gross Crude and Condensate Production by County, 2017–2019
        • Table Figure 2: Bakken Shale, Crude Oil and Condensate Production by County, mbd, 2017–2019
      • Bakken Shale, Gross Natural Gas Production by County, 2017–2019
        • Table Figure 3: Bakken Shale, Natural Gas Production by County, mmcfd, 2017–2019
    • Bakken Shale, COVID-19 Impact on Production
      • Table Figure 4: Bakken Shale, COVID-19 Impact on Production, 2020
    • Bakken Shale, Production Outlook, 2020–2022
      • Table Figure 5: Bakken Shale, Production Outlook, 2020–2022
    • Bakken Shale, Drilling Activity
      • Bakken Shale, Well Permits by County, North Dakota
        • Table Figure 6: Bakken Shale, Number of Well Permits by County, North Dakota, January 2019 to June 2020
      • Bakken Shale, Well Permits by Company, North Dakota
        • Table Figure 7: Bakken Shale, Number of Well Permits by Operator, North Dakota, January 2019 to June 2020
      • Well profile
        • Table Figure 8: Bakken Shale, Well profile of major counties
        • Table Figure 9: Bakken Shale, Quartile distribution of EUR
  • Bakken Shale, Competitive Benchmarking
    • Bakken Shale, Major Companies with Prominent Presence, 2020
      • Net Acreages of Major Companies, 2020
        • Table Bakken Shale, Net Acreage by Company, 2020
      • Reserves and Production by Major Companies, 2020
        • Table Bakken Shale, Reserves and Production by Major Companies, 2020
    • Bakken Shale, Major Companies' Financial Standings
      • Table Bakken Shale, Financial Standings of Major Companies, 2019
    • Bakken Shale, Operational Performance of Leading Operators
      • Table Bakken Shale, Operational Performance of Leading Operators, 2020
    • Bakken Shale, Completion Parameters, 2020
      • Peak Crude Production vs. Lateral Length
        • Table Figure 10: Bakken Shale, Average Peak Crude Production vs Lateral Length (ft) Quartile
        • Table Figure 11: Bakken Shale, Peak Crude Production vs Lateral Length, 2020
      • EUR Crude Oil vs Lateral Length
        • Table Figure 12: Bakken Shale, EUR Crude Oil vs Lateral Length, 2020
    • Bakken Shale, Future Plans by Major Companies
      • Bakken Shale, Planned Investments, 2020
        • Table Bakken Shale, Planned Capital Expenditure by Major Companies, 2020 (US$ million)
    • Bakken Shale, Cost Trends, 2020
      • Bakken Shale, Well Costs
        • Table Figure 13: Bakken Shale, Major Companies by Well Costs, 2020
  • Bakken Shale, Analysis of Major Companies
    • Bakken Shale, Economic Metrics of Major Players
      • Table Bakken Shale, Major Companies by Type Well Data, 2020
    • Continental Resources, Inc.
      • Key Operational Parameters
        • Table Continental Resources, Inc., Bakken Shale, Key Operational Parameters, 2020
        • Table Continental Resources, Inc., Bakken Shale, Key Economics, 2020
    • Hess Corp.
      • Key Operational Parameters
        • Table Hess Corp., Bakken Shale, Key Operational Parameters, 2020
        • Table Hess Corp., Bakken Shale, Key Economics, 2020
    • Exxon Mobil Corp.
      • Key Operational Parameters
        • Table Exxon Mobil Corp., Bakken Shale, Key Operational Parameters, 2020
        • Table Exxon Mobil Corp., Bakken Shale, Key Economics, 2020
    • Marathon Oil Corporation
      • Key Operational Parameters
        • Table Marathon Oil, Bakken Shale, Key Operational Parameters, 2020
        • Table Marathon Oil, Bakken Shale, Key Economics, 2020
    • Oasis Petroleum
      • Key Operational Parameters
        • Table Oasis Petroleum, Bakken Shale, Key Operational Parameters, 2020
        • Table Oasis Petroleum, Bakken Shale, Key Economics, 2020
    • WPX Energy
      • Key Operational Parameters
        • Table WPX Energy, Bakken Shale, Key Operational Parameters, 2020
        • Table WPX Energy, Bakken Shale, Key Economics, 2020
  • Bakken Shale, Analysis of Bankrupt Companies
    • Whiting Petroleum Corp.
      • Key Financial Parameters
        • Table Whiting Petroleum Corp., Bakken Shale, Key Financial Parameters, 2020
      • Key Operational Parameters
        • Table Whiting Petroleum Corp., Bakken Shale, Key Operational Parameters, 2020
        • Table Whiting Petroleum Corp., Bakken Shale, Key Economics, 2020
  • Bakken Shale, Associated Infrastructure
    • Pipelines
      • Table Figure 14: Bakken Shale, Active Oil and Gas pipelines by capacity
      • Table Bakken Shale, Active, Planned and Announced Pipelines
  • Mergers and Acquisition Activity in the Bakken Shale, 2018–2020
    • Overview of M&A Activity
    • Major Acquisitions
      • Whiting Petroleum divested its Bakken assets to improve liquidity
      • Hess Midstream completes acquisition of Hess Infrastructure for US$6.2 billion
      • Pembina Pipeline acquires the US portion of Cochin pipeline for US$1.5 billion
        • Table Bakken Shale, Major Deals by Oil and Gas Companies, 2018–2020
  • Appendix
    • Abbreviations
    • Methodology
      • Coverage
      • Secondary Research
    • Contact Us
    • Disclaimer

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook