Bad News in the Bakken

Ron Patterson at OilPrice:

Production in the Bakken’s most productive county, McKenzie, has fallen 45,784 bpd since December and is currently about 1,000 bpd below September production level.

Mountrail peaked in September and has since dropped over 25,000 bpd from that peak and is currently almost 2,000 bpd below its July production level. It appears that Mountrail had reached its peak, or nearly so, before the price collapse began. WTI prices averaged $93.21 in September and $84.40 in October when Mountrail had its biggest hit in production.
Mountrail peaked in September and has since dropped over 25,000 bpd from that peak and is currently almost 2,000 bpd below its July production level. It appears that Mountrail had reached its peak, or nearly so, before the price collapse began. WTI prices averaged $93.21 in September and $84.40 in October when Mountrail had its biggest hit in production.

A 10% decrease in production in two months in the largest production county in the Bakken formation?  That is not good at all.  It will be interesting to see what happens in the next few months in the Bakken, Eagle Ford and Permian.  I think the Permian will peak further down the road, but the Bakken and Eagle Ford have probably already maxed out.  We may be seeing higher oil prices not too many months out.