Friday, January 15, 2021

Tag: THE DEATH OF THE BAKKEN HAS ARRIVED: Oil Production Down 30%

THE DEATH OF THE BAKKEN HAS ARRIVED: Oil Production Down 30%

by Steve St. Angelo, SRSRocco Report:

With North Dakota Bakken oil production down more than 30%, the death of the mighty shale region has begun.  There is no way for the companies producing shale oil in the Bakken to recover from this global contagion overnight collapse.  Yes, it virtually happened overnight.  Since March 1st, the Bakken has seen at least 400,000 barrels per day of production shut-in.