CL CLR Loading... : Bullish and Bearish Analyst Opinions

Continental Resources dropped rigs in the Bakken, potentially reducing KMI's crude gathering volumes. Despite higher oil prices, producers have not yet increased drilling, signaling a near-term headwind for Bakken volumes. — KMI's crude gathering segment is sensitive to producer activity in the Bakken; a drop in rigs suggests slower production growth, which could dampen KMI's volume outlook despite favorable commodity prices.

Analyst asked about Continental Resources stopping drilling in the Bakken. KMI management responded it will have no material impact because Bakken is only 3% of KMI EBITDA and Continental is just one of many customers. This signals limited exposure to producer pullbacks.