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Project Spending in Bakken Formation Rises with Oil & Gas Production
Industry Segment: Terminals | Word Count: 1087 Words
Attachment: EagleFord1, Eagle Ford 2, Bakken1, Bakken2
SUGAR LAND, TEXAS--October 22, 2019--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Crude oil production in the Bakken Shale of North Dakota surpassed production from the Eagle Ford Shale a little over a year ago to become the second largest-producing unconventional formation in the U.S., after the Permian Basin. As Oil & Gas production in the Bakken grew, project spending in the area, mainly for pipelines and midstream plants, has accelerated.
Within this article: The Liberty Grassroot Crude Oil Pipeline Other companies featured: Phillips 66 (NYSE:PSX), ONEOK Incorporated (NYSE:OKE), Enbridge Incorporated (NYSE:ENB)
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