Bakken Shale
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.
Bakken Shale Map
Bakken Shale News
Oneok cancels Bakken Crude Express Pipeline
Nov 27, 2012
Oneok Partners LP reported it will not build its proposed Bakken Crude Express Pipeline, having received insufficient long-term transportation commitments during the project’s open season, concluded Nov. 20. |
Keystone XL decision may be first policy test in second Obama term
Nov 26, 2012
US President Barack Obama's decision on the proposed Keystone XL crude oil pipeline project could be the first major policy test in the president's second term, American Petroleum Institute officials said. |
Continental Resources to buy more Bakken formation assets
Nov 8, 2012
Continental Resources Inc. has agreed to buy certain Bakken formation producing and undeveloped properties for $650 million. The property includes leasehold of 120,000 net acres, primarily in the North Dakota counties of Divide and Williams. |
Inergy Midstream to acquire COLT oil hub in Bakken formation
Nov 5, 2012
Inergy Midstream LP, Kansas City, agreed to a $425 million purchase of Sugar Land, Tex.-based Rangeland Energy LLC, which owns and operates the COLT open-access crude oil rail terminal, storage, and pipeline complex to handle unconventional Bakken oil production near Epping, ND, in Williams County. |
Avoiding US oil resource surprises requires enhanced information system
Nov 5, 2012
This article urges action by government or the petroleum community to inform policymakers better (and confuse them less) about two energy information basics |
Oil & Gas White Papers
Featured | |
|
Drilling Down for SuccessSponsored by
|
|
Seeing Through the FogSponsored by
|
|
Technology and the Offshore Industry: The New Measurement Tool You Can't Go WithoutSponsored by
|
Topic Index
Oil & Gas Journal Webcasts
Digital Subscriptions:
Enewsletters and Magaziness
Free Enewsletters delivered right to your inbox, click below for details on specific editions:- Oil & Gas Journal Daily Update
- OGJ Weekly E&D Report
- OGJ Monthly Unconventional Oil & Gas Report
- OGJ Monthly Pipeline Report
- OGJ Monthly Refining Report
- OGJ Monthly Drilling & Production Report
- Offshore Industry Update
- Offshore Subsea Report
- Offshore Asia Report
- Offshore West Africa Report
- Oil & Gas Financial Journal's Financial Update
- Equipment Exchange Newsletter
- PennEnergy Perspectives
Magazines – click below to learn more or subscribe:
