CLR - The Bakken Is Back
“The Bakken is back stronger than ever.” - Harold Hamm, CEO of Continental Resources
Please note: This is an abridged and updated version of an article that was posted on June 30, 2018, at The Natural Resources Hub, my exclusive investment community.
The comeback of Bakken
As of September 2018, the Bakken region produced at 1,491 bo/d and 1.87 MMcfg/d, surpassing the previous peak production volume reached back in 2015 (see here)(Fig. 1).
Fig. 1. Oil and gas production in the Bakken play. Source.
Considering just three years ago, the Bakken play was