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Studying the SEC 10-K/Qs for several of the companies that are heavily weighted in the Bakken shows that natural gas and NGLs (Natural Gas Liquids) are weighing down the financial results for many companies.
The following analysis uses “well completion information” contained in a newspaper called the Bakken Weekly, a paper covering western North Dakota. The Bakken Weekly started providing well completion information for North Dakota counties in the Bakken region in early 2012. The analysis below is for 2012/2013 from the week of April 1, 2012 through the week of Oct. 28, 2013.
