Continental, Whiting, others shift positions from 2 years ago

The North Dakota Industrial Commission released its September 2017 oil production data this week, reporting per-well production across the state.

The largest oil producers in the Bakken/Three Forks plays in North Dakota are shown in the top chart.

North Dakota Oil Production – Same Players, Different Pecking Order

Data: NDIC; Chart: EnerCom

The NDIC data from September 2015, however, delivers a shuffled order of companies when it comes to the state’s largest oil producers.

The large producer group as a whole is made up of the same companies, but after the 2014-2016 oil price crash caused companies to rein in expansive drilling programs, production fell off for the state’s largest producers, as is reflected in the Sept. 2017 chart.

North Dakota Oil Production – Same Players, Different Pecking Order

Data: NDIC; chart: EnerCom

In Sept. 2015, Whiting Petroleum (ticker: WLL), Continental Resources (ticker: CLR) and Hess (ticker: HES) all produced at or above the 3.5 million barrel mark for the month. Only Continental Resources was close to 3.5 million barrels of oil production for September 2017–two years later.

 


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