Oasis Deal Shows Bakken Not Dead Yet as Drilling Costs Drop

Updated on
  • North Dakota drilling costs have fallen by half since 2014
  • Exit of other explorers ‘creates some opportunity,’ CEO says

Oasis Petroleum Inc.’s double-down on North Dakota’s Bakken oilfields shows the rapid drop in U.S. drilling costs can make a case for even the ugly ducklings of American shale plays.

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