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Bakken: The King in the North
Platts' Bakken crude oil assessment represents the light sweet crude traded close to the wellhead at North Dakota terminals in the Williston Basin.
Bakken: The King in the North

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CERA 2015: Falling US crude production could rebalance world market: EIA chief
Washington (Platts)--21 Apr 2015 704 pm EDT/2304 GMT

Declining US crude production, already being seen in three of the country's four major shale basins, could cause a major shift in global supply and demand fundamentals, causing a significant increase in prices at some point this year, the head of the US Energy Information Administration said Tuesday at an IHS CERAWeek panel.
The challenging economics of oil production in a low price environment
February 2, 2015 10:25:00 EST

With oil prices hovering around the $50 a barrel mark, Dave Ernsberger, and Ross McCracken analyse the effect on oil companies capital expenditure and operational costs; discuss when cut-backs might effect global supply; and question whether the shorter production cycles of shale players leaves them best placed to capitalize when markets rebound.
Eight-figure bids seen in US Gulf of Mexico sale despite low oil prices
March 20, 2015 - Oil companies continued to chase select acreage for pricey sums in Central Gulf of Mexico on March 18 despite low oil prices, even though the total amounts captured in the lease sale were far less than in recent years.
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