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MI - Crude pipeline crunch stalls growth in Bakken & Rockies - February 2020
Production growth in the Bakken and Rockies has been bumping its head against a ceiling in the past few months, and a shortage of crude takeaway pipeline is partly to blame. Relief is probably more than a year away, according to the latest Enverus FundamentalEdge report. Bakken crude output has flatlined around 1.5 MMbo/d amid lower drilling activity since 1H19. Operators are also focusing on living within cash flows, and a year of WTI......
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