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Bakken to Continue Trailing Sister Plays: BNEF

OIL

The Bakken will likely continue to lag its sister plays in production, even if benchmarks hold firm or rally, according to BNEF.

  • A crucial aspect is proximity to export hubs, which hand the advantage to basins in Texas which is closer to demand centres and has higher netbacks.
  • Lower-cost resource capture is also an advantage for other basins.
  • Bakken-exposed E&P companies may look to move capital elsewhere, BNEF added.

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