Bakken, other plays boosting Saskatchewan’s attractiveness

Saskatchewan is estimated to have 45.6 billion bbl of conventional oil in place, and the Canadian province is benefiting from renewed plays in the Bakken and other tight oil and gas formations. Production from Saskatchewan’s portion of the Bakken has gone from a modest 945 b/d in October 2004 to nearly 67,000 b/d in December 2010. As of April 2011 the province had more than 2,700 wells producing oil from the Bakken, 95% of which were drilled since October 2004. Saskatchewan land sale revenue from Bakken oil-prone lands is estimated at $1.4 billion since October 2004. Success in the Bakken is leading industry to explore other promising tight oil formations in the province, said Rick Musleh...

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