Bakken's maximum potential oil production rate explored

04/02/2012
James Mason Energy consultant Farmingdale, NY North Dakota began producing oil in 1951, and production in the late 1970s reached 100,000 b/d where it remained until the early 2000s. With the advent of advanced horizontal drilling and hydrofracturing technology and high oil prices, E&P companies began to focus on unlocking the extensive North Dakota Bakken formation in the early 2000s. The result is a dramatic increase in oil production. In late 2011, North Dakota oil production exceeded 500,000 b/d. What is the maximum oil production rate to be expected for the North Dakota Bakken? The Bakken formation lies in the Williston basin, an ancient seabed, and extends over parts of North Dak...
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