Bakken Players Curbed Activity on Lower Oil Prices

August 26, 2025--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Lower crude oil prices left upstream operators on the sidelines for the early part of the year, though activity may be starting to pick up, North Dakota regulators said. North Dakota is home to the Bakken shale formation, an early industry darling at the start of the latest shale boom. Accounting for about 10% of total inland crude oil production, regulators said last week that operators were deterred by the market.