North Dakota Likely to See Big Drop in Oil Production as More Companies Turn Away from Bakken

SUGAR LAND--January 17, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--North Dakota's state regulators said last week that weak crude-oil prices and frigid winter weather likely will push oil production in the state below 1 million barrels per day by the end of January. The estimate is one of several trends, including rising exploration expenses, which have dampened the long-term outlook for North Dakota's oil production. Industrial Info is tracking more than $1.3 billion in active projects in North Dakota's Oil & Gas Production, Pipeline and Terminals industries. Within this article: Details on some of the highest-valued projects in North Dakota's Oil & Gas Industry, including those from major companies such as Enbridge Incorporated (NYSE:ENB), TransCanada Corporation (TSX:TRP), Energy Transfer Partners LP (NYSE:ETP) and Hess Corporation (NYSE:HES). Other companies featured SM Energy Company (NYSE:SM), Sanchez Energy Corporation, Venado Oil and Gas LLC.