Bakken region

Bakken region

As reported by The Street, despite the persistent oil price slump, the price at which Bakken crude is traded has risen significantly along with the recent oil price rally.

As prices climbed from 45 dollars per barrel to around 60 per barrel, the price differential between Bakken crude and WTI crude has recently jumped nearly 30 dollars per barrel. While this is damaging to smaller producers, major players are reaping the benefits, allowing for the expansion of dedicated Bakken operations.

Source: bakken-oil-prices

Oil and Gas Press