Will Oil Price Collapse Hit Bakken Output? Don’t Count on It
Advances in fracking technology are helping to sustain production in the giant shale formation in North Dakota and surrounding territories, even at today’s low prices.
Robert Stowe England
February 9, 2015
Bloomberg Photo Service 'Best of the Week': A worker waits to connect a drill bit on Endeavor Energy Resources LP's Big Dog Drilling Rig 22 in the Permian basin outside of Midland, Texas, U.S., on Friday, Dec. 12, 2014. Of all the booming U.S. oil regions set soaring by a drilling renaissance in shale rock, the Permian and Bakken basins are among the most vulnerable to oil prices that settled at $57.81 a barrel Dec. 12. With enough crude by some counts to exceed the reserves of Saudi Arabia, theyíre also the most critical to the future of the U.S. shale boom. Photographer: Brittany Sowacke/Bloomberg
Brittany Sowacke/Bloomberg
