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Bakken wells turning into ‘cash cows’
May 8, 2018
Source: World Oil

Bakken wells turning into ‘cash cows’

The wells in North Dakota are bringing about huge profits with oil prices near $70/bbl and development in drilling technology. According to a Bloomberg New Energy Finance Report, the cost of getting oil and gas to the surface in North Dakota’s Bakken field has fallen, recently hitting $41 to $50/bbl. Technologies like fracking and horizontal wells are helping average wells in Bakken become economical.

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