Project Spending in Bakken Formation Rises with Oil & Gas Production

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)