Bakken Shale's Natural Gas Production Rate Outpaces Oil as Producers Eye Expansions

SUGAR LAND--November 29, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--North Dakota's production of natural gas is growing at a faster rate than that of oil, reaching a record 1.94 billion cubic feet per day in August, or the equivalent of about 334,000 barrels per day (BBL/d) of crude oil, according to the U.S. Energy Information Administration (EIA). Industrial Info is tracking progress at more than 330 Oil & Gas Production facilities across North Dakota, including more than 230 facilities for the production and processing of natural gas. Within this article: Details on the growing role of natural gas production in the Bakken, including some of the highest-valued projects from companies such as Oasis Petroleum Incorporated (NYSE:OAS), Crestwood Equity Partners LP (NYSE:CEQP) and Hess Corporation (NYSE:HES).