Tuesday, July 31, 2012
The Williston Basin -- already ground zero for the North Dakota oil boom -- will also generate strong growth in natural gas production in the years ahead, according to a study commissioned by two state agencies.
The study, conducted by Bentek Energy, forecast that natural gas output from the Williston Basin (North Dakota and Montana combined) will rise from 536 million cubic feet per day in 2011 to 3.1 billion cubic feet per day in 2025.
Bentek concluded that there will be sufficient interstate pipeline capacity in the long term to support growing gas production from the Williston Basin. However, it added that more gathering and processing capacity will be needed to cope with the projected 3.1 Bcf/d of gas production expected in 2025 under the firm's base case scenario.
Bentek also forecast that Williston Basin oil production will rise to 2.18 million b/d by 2025 under its base case scenario from 479,000 b/d in 2011 (OD May31'12).
The Bentek study also provided high- and low-case scenarios under which the basin's gas production would rise to 3.8 Bcf/d and 2.0 Bcf/d, respectively, by 2025, with corresponding increases in oil production to 2.75 million b/d and 1.1 million b/d, respectively.
To access a complete copy of this report, please click here.