BAKKEN OIL BUSINESS JOURNAL

BakkenJournal_June-July17

The BAKKEN OIL BUSINESS JOURNAL is a high-gloss, full-color magazine with a targeted distribution that gets our Advertisers in front of the RIGHT EYES in this industry. Direct mailed to Companies in the Bakken with bonus distribution at Energy Shows.

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Photo taken by Justin Voeller, Chicken Coop Photography ➤ continued from pg 36 BUILDING INFRASTRUCTURE; BUILDING RELATIONSHIPS Core services you need. Core values you can depend on. That's Minnesota Limited. Where transmission pipeline construction and maintenance services are backed by our Core Values: Safety, Quality, Commitment, and Reputation. www.mnlimited.com Rigs actively drilling on federal surface in the Dakota Prairie Grasslands remains at 0. North Dakota leasing activity is limited to renewals and top leases in the Bakken - Three Forks area. US natural gas storage is now 13.6% above the five-year av- erage indicating little price improvement in the future. North Dakota shallow gas exploration could be economic at future gas prices, but is not at the current price. The operator of the exploration well (file 27235) in Emmons County has can- celled all other permits in the area and is in the process of transferring the well to a working interest owner who plans a production test. The well appears to contain 2 pay sections totaling about 80 feet thick with very good gas shows. The price of natural gas delivered to Northern Border at Wat- ford City is down $0.09 to $2.62/MCF. This results in a current oil to gas price ratio of 15 to 1. The percentage of gas flared decreased to 10.5%. The Tioga gas plant operated at 74% of capacity. The expansion of gas gathering from south of Lake Sakakawea is now starting up and the crude oil and natural gas liquids transfer lines have been approved pending geotechni- cal work this summer. The March Bakken capture percentage was 91% with the daily volume of gas flared from February to March down 4.7 MMCFD. The historical high flared percent was 36% in 09/2011. n

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