The Bakken Update - November 30, 2016

November 30, 2016

OPEC to cut oil production, Russia will follow The Organization of the Petroleum Exporting Countries has agreed to temporarily perform oil production cuts. The production cuts will commence on January 1, 2017, and total 1.2 million barrels per day. Russia and others will also cut 600,000 mmbpd. READ MORE SHARE
Wunderlich analyst explains OPEC's impact to US shale Jason Wangler, senior vice president and equity analyst at Wunderlich Securities, previously selected by the Wall Street Journal as a “Best on the Street,” analyst, spoke with The Bakken Magazine on OPEC and U.S. shale. READ MORE SHARE
	Baker Hughes teams up to form new North American company Baker Hughes, CSL Capital Management and West Street Energy Partners have reached an agreement to form a new North American company providing hydraulic fracturing and cementing services. The company will operate under the BJ Services brand. READ MORE SHARE
Hoeven presses Corps to issue DAPL easement, end protests As winter weather worsened in North Dakota and evacuations of Dakota Access Pipeline protest camps were ordered, U.S. Sen. John Hoeven urged the Corp of Engineers to grant the final easement it's already approved for a Missouri River crossing. READ MORE SHARE
Oil stats: global supply, demand, DUCs by region, shale output A compilation of information on global oil supply by country/region, global oil consumption by country/region, oil produced from each U.S. shale region, DUCs by U.S. shale play and regional production change from 2015 to 2016. READ MORE SHARE
	Proppant storage manufacturer gearing up for 2017 growth A mobile proppant distribution system manufacturer is tripling its manufacturing rate to meet customer demand. Solaris Oilfield Infrastructure, a Houston-based entity formed in 2014, believes per well proppant increases will continue to happen. READ MORE SHARE