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PS - Analyst Notes - June 14, 2020

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Bakken Differential Outlook: Watching differentials The Bakken has been one of the hardest hit basins from a curtailment perspective as the state regulator indicated over 500mbopd of production had been taken offline in May at the peak. This compares to production in February/March of ~1.45mmbopd. The drop in production alleviated pressure on Cushing and has dramatically improved in-basin pricing with spot realizations moving to a slight premium to WTI at one point. Given the......
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