Bakken Making Its Push

If North American oil production were a race, the Permian Basin would, of course, have lapped everyone else in the field long ago. But in this theoretical competition, the Bakken is neck and neck with the Eagle Ford, with each producing about 1.2 MMbbl/d, according to the U.S. Energy Information Administration (EIA). Although the Eagle Ford has higher max production potential, as evidenced by its 1.7 MMbbl/d of output in 2015, the Bakken represents resiliency and predictability; it didn’t quite suffer the valleys other basins did post- 2015, and its production levels are expected to remain at its current pace for the foreseeable future.