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

El Paso plans one-rig Wolfcamp shale oil program into 2011

Nov 15, 2010 El Paso Corp. plans to spud a well during November in its Wolfcamp shale oil acreage in West Texas as part of a one-rig program focused on finding the optimal lateral length and completion method before the company ramps up Wolfcamp drilling activity during 2011.

OGJ Newsletter

Nov 8, 2010

Bakken-Three Forks output encourages Whiting

Nov 8, 2010 Reserves estimates in the North Dakota Middle Bakken and Three Forks formations continue to pleasantly surprise Whiting Petroleum Corp., Denver, which said that it also appears that further infill drilling is warranted in Sanish field.

EOG to continue selling certain natural gas assets

Nov 5, 2010

Houston independent EOG Resources Inc. plans to continue its strategy of selling certain natural gas assets going into 2011 after a comparison of its inventory of liquids-rich drilling opportunities against depressed gas prices, said Mark G. Papa, chairman and chief executive officer.

Plains All American to build Bakken North crude pipeline

Nov 3, 2010

Plains All American Pipeline LP announced plans to reverse its Wascana pipeline system and build a new pipline, Bakken North, to provide additional takeaway capacity for growing Bakken crude production.

Hess plans to add another rig to Bakken play

Nov 1, 2010

Hess Corp. plans this month to add another rig to its nine rigs already working in North Dakota’s Bakken oil play in the Williston basin, executives told analysts during a third-quarter earnings conference call.

MARKET WATCH: Natural gas price is 'resurrected'

Oct 29, 2010

The price of natural gas “rose from the grave of its 13-month lows,” rebounding 3.4% after the front-month contract rolled Oct. 28 in the New York market, and the crude price also advanced.

API: Modestly better US oil demand reflects general economy

Oct 25, 2010 US petroleum demand signaled a modest general economic improvement in September as deliveries for all products grew year-to-year, the American Petroleum Institute said in its latest monthly and quarterly statistical report.

NEB takes first steps on Vantage ethane line

Oct 22, 2010

Canada’s National Energy Board is making funding available to third parties interested in participating in the regulatory process for Vantage Pipeline Canada Inc.’s proposed Vantage Pipeline.

OGJ Newsletter

Oct 18, 2010

World oil shortages would center on liquid fuels, forum told

Oct 18, 2010

The world could face more of a liquid fuels than crude oil shortage as national economies recover, experts agreed at an Oct. 7 Capitol Hill forum.

API: Modestly better US oil demand reflects general economy

Oct 15, 2010

US petroleum demand signaled a modest general economic improvement in September as deliveries for all products grew year-to-year, the American Petroleum Institute said in its latest monthly and quarterly statistical report.

OGJ Newsletter

Oct 11, 2010

World oil shortages would center on liquid fuels, forum told

Oct 8, 2010

The world could face more of a liquid fuels than crude oil shortage as national economies recover, experts agreed at an Oct. 7 Capitol Hill forum.

More gathering, processing planned for Bakken shale

Oct 6, 2010

Oneok Partners LP, Tulsa, will build a new gas processing plant and expand gathering and compression over the next 2 years in North Dakota, the company announced this week.

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