The View from the Bakken: Looking Back at 2017 in Oil

February 2018, Vol. 245, No. 2

By Renée Jean, Williston Herald

Oil prices held steady in 2017, and the Bakken oil and gas industry hunkered down to find ways to make oil and gas wells economic in the lower price environment. Meanwhile, the elimination of the oil export ban helped Bakken crude find new markets, and Dakota Access helped it access better markets, increasing profit margins and helping North Dakota state funds. Below a timeline of the year in oil. January – Oil production started the year below the 1 MMbpd mark at 980,294 bpd. That was a 4% bump over December’s production, adding 38,000 bpd….

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