Bakken Shale

Bakken Shale ImageThe Bakken shale is primarily an oil play. It straddles the US border with Canada and runs through two states – North Dakota and Montana – and two Canadian provinces – Saskatchewan and Manitoba. The US Geological Survey estimates there are 3.65 billion barrels of recoverable crude oil in the Bakken, which would make it the largest oil field in the US outside Alaska. The Bakken is located in the Williston Basin, but not all of the basin includes the Bakken.

The Sanish-Three Forks area is located below the Bakken shale zone and is potentially another new oil reservoir. Brigham Exploration Co. has been active in this area. Natural gas is also found in some parts of the Bakken. The USGS estimates there is about 2.0 trillion cubic feet of gas and another 150 million barrels of natural gas liquids. Major players in the Bakken include EOG Resources, Continental Resources, and Enerplus Resources.

Bakken Shale Map

Bakken Shale News

Oneok to build Bakken-to-Cushing crude oil pipeline

Apr 9, 2012

Oneok Partners LP plans to invest $1.5-1.8 billion between now and 2015 to build a 1,300-mile, 200,000 b/d crude oil pipeline—the Bakken Crude Express Pipeline—between the Bakken shale and Cushing, Okla.

Bakken's maximum potential oil production rate explored

Apr 2, 2012

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.

Continental to buy Wheatland, Bakken interests

Mar 28, 2012

Continental Resources Inc., Oklahoma City, will buy the assets of Wheatland Oil Inc., Enid, Okla., which consist of 5% of the interest acquired by Continental Resources in all leases and wells in a defined part of the Bakken play pursuant to a participation agreement effective Jan. 1, 2012.

Bakken, other plays boosting Saskatchewan’s attractiveness

Mar 5, 2012

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.

Another Williston diesel refinery studied

Feb 22, 2012

Another refinery designed to produce diesel from Bakken crude oil is in prospect in the Williston basin.

TransCanada moves projected Keystone XL start-up to 2015

Feb 20, 2012

TransCanada has moved its expected in-service date for the Keystone XL crude pipeline to early 2015, a 1-year delay from previous statements.

Exploration and men's minds

Feb 20, 2012

Geologists mulling the world's great discoveries of 2011 might be reminded of basins they have explored without making a big find. Perhaps the Great Basin is one of those places.

Saddle Butte proposes Bakken oil pipeline

Feb 15, 2012

Saddle Butte Pipeline LLC, Durango, Colo., has begun a binding open season for capacity commitments on a proposed crude oil pipeline connecting expanding Bakken shale production in the Williston basin of North Dakota with a transport hub at Clearbrook, Minn.

Williston diesel-naphtha refinery proposed

Feb 8, 2012

Dakota Oil Processing LLC, Williston, ND, is seeking financing and permits to build a $200 million, 20,000 b/d topping refinery in Williams County 16 miles southwest of Williston to produce mainly diesel to support the Bakken oil play and other local markets.

Plains All American to build Bakken gas processing plant

Jan 27, 2012

Plains All American Pipeline LP’s wholly owned subsidiary Plains Gas Solutions LLC (PGS) plans to build a cryogenic gas processing plant with deep cut ethane plus recoveries and specification product fractionation capability at its multiproduct Ross complex near Ross, ND.

Breitling enters North Dakota's Bakken oil formation

Dec 28, 2011

Irving, Tex., independent Breitling Oil & Gas Corp. acquired a nonoperated acreage position in Sand Creek field within the Bakken formation in McKenzie County, ND.

Saskatchewan: Sundance eyes multipay completions

Dec 13, 2011

Sundance Energy Corp., Calgary, said it has begun completion-evaluation operations at its Ochapowace 6-5-18-3w2m test well in Southeast Saskatchewan.

MARKET WATCH: Bearish inventory report brings down oil prices

Dec 8, 2011

Energy prices slumped modestly Dec. 7 following a bearish US government report on oil inventories.

Enbridge to expand Bakken shale crude rail terminal

Dec 7, 2011

Enbridge Energy Partners LP (EEP) will expand its Berthold rail terminal capacity in the Bakken shale by 80,000 b/d and include a rail car loading facility to accommodate the additional volume.

Investor group to acquire Samson Investment

Nov 23, 2011

An investor group led by Kohlberg Kravis Roberts & Co. LP will acquire Samson Investment Co., Tulsa, Okla., one of the largest private US exploration and production companies, for $7.2 billion.

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