The 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.
Natural Resource Partners to buy stake in Bakken, Three Forks
Jun 17, 2013
Natural Resource Partners LP, Houston, agreed to acquire an 11% working interest in producing assets in the Bakken and Three Forks formations in North Dakota and Montana from Abraxas Petroleum Corp. for $35.3 million, marking NRP’s entry into the Bakken formation. |
The Bakken's billions
May 20, 2013
How much oil can be produced from the Williston basin's Bakken and Three Forks formations? |
Bakken, Three Forks resources rise twofold in new USGS estimate
May 6, 2013
The Bakken and Three Forks formations in North Dakota, South Dakota, and Montana hold an estimated mean of 7.38 billion bbl of undiscovered, technically recoverable crude oil, the US Geological Survey announced in an update. |
Montana-North Dakota kicks off safety stand-down
May 1, 2013
WARD COUNTY, ND—The Montana-North Dakota chapter of the National Service, Transmission, Exploration, and Production Safety Network (MonDaks STEPS) held its first safety stand down on Feb. 14, 2013. |
BAKKEN briefs
May 1, 2013
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Samson Oil & Gas boosts central Bakken formation holdings
Apr 16, 2013
Samson Oil & Gas Ltd. agreed to acquire a net 1,225 acres in two drilling units in the Rainbow Project, Williams County, ND, involving the Bakken and Three Forks formations. |
Oneok completes Bakken, Mont Belvieu NGL projects
Apr 10, 2013
Oneok Partners LP has completed three projects that are part of its previously announced growth program through 2015. |
CenterPoint to gather XTO Bakken crude production
Apr 9, 2013
CenterPoint Energy Bakken Crude Services LLC (CEBCS), an indirect, wholly owned subsidiary of CenterPoint Energy Inc., has entered into a long-term agreement with XTO Energy Inc., a subsidiary of ExxonMobil Corp, to gather XTO’s crude oil production through a new crude oil gathering and transportation pipeline system in North Dakota's Bakken formation. |
North Dakota diesel refinery work starts
Mar 27, 2013
Construction has begun of the 20,000-b/d Dakota Prairie Refinery west of Dickinson, ND, which will yield mainly diesel from Bakken crude oil (OGJ Online, Feb. 7, 2013). |
Continental nearly doubles Bakken reserves
Feb 11, 2013
Continental Resources Inc., Oklahoma City, the top producer and leaseholder in the Williston basin Bakken play, said it increased its yearend 2012 proved reserves 54% to 785 million bbl of oil equivalent, 72% oil. |
Continental nearly doubles Bakken reserves
Jan 23, 2013
Continental Resources Inc., Oklahoma City, the top producer and leaseholder in the Williston basin Bakken play, said it increased its end-2012 proved reserves 54% to 785 million bbl of oil equivalent, 72% oil. |
Hess budgets $2.7 billion for unconventional E&P in 2013
Jan 11, 2013
Hess Corp. announced a 2013 exploration and production budget of $6.7 billion, of which 40% will be dedicated to unconventional oil and gas plays. |
Phillips 66 to move Bakken crude by rail to Bayway refinery
Jan 9, 2013
Phillips 66 signed a 5-year contract with Global Partners LP under which Global will use its rail loading, logistics, and transportation network to deliver crude oil from the Bakken formation of North Dakota to the Phillips 66 Bayway refinery in New Jersey. |
Enbridge advances Bakken-targeted LOMA program
Dec 7, 2012
Enbridge Inc. has received sufficient shipper support to advance its Light Oil Market Access Program. |
Continental sees big target in Three Forks benches
Dec 3, 2012
The Bakken-Three Forks play in the Williston basin contained an estimated 903 billion bbl of original oil in place or 57% more than in 2010 when Continental Resources Inc. estimated that the entire field would eventually yield 20 billion bbl of oil and 4 billion boe of natural gas, the company said. |
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