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

Start-up delayed for North Dakota refinery

Jan 9, 2015

Dakota Prairie Refining LLC, a joint venture of MDU Resources Group Inc., Bismarck, ND, and its 50-50 partner Calumet Specialty Produces Partners LP, Indianapolis, has delayed commercial production of diesel fuel and other products at its 20,000-b/d diesel refinery in North Dakota until the second quarter.

Sharp drop expected in global E&P spending in 2015, study says

Jan 8, 2015

Global capital expenditures for oil and gas exploration and production projects are expected to drop 17% to $571 billion in 2015, according to Cowen and Co.’s annual study of 476 oil and gas companies’ E&P capex budgets. The study assumes an average West Texas Intermediate price of $70/bbl.

Oil-price plunge raises questions about unconventional plays

Jan 5, 2015

An oil-price plunge that began in the second half of 2014 and continues into 2015 raises questions about production from unconventional resources in the US.

North Dakota producers face new vapor pressure standards

Jan 5, 2015

North Dakota has approved new rail transportation safety standards for crude oil that stipulate operating standards for oil-conditioning equipment at the well to separate production fluids into gas and liquid.

American Eagle suspends oil drilling in Bakken for 2015

Jan 2, 2015

American Eagle Energy Corp., Denver, has suspended its 2015 drilling budget and does not anticipate resuming drilling operations until crude oil prices improve.

Firefighters extinguishing fire to Bakken storage tanks in Alexander, ND

Jan 2, 2015

Firefighters used a foam truck on Jan. 2 in efforts to extinguish a fire to eight storage tanks at a truck unloading station in Alexander, ND, an Enbridge spokesman told OGJ’s Unconventional Oil & Gas Report. The first was expected to be extinguished on Jan. 2.

BHI: North Dakota, Williston spur continued decline in US rig count

Dec 19, 2014

The US drilling rig count dropped 18 units to settle at 1,875 rigs working during the week ended Dec. 19, pushed down by losses in North Dakota and the Williston basin, Baker Hughes Inc. reported. That total, however, was trumped by the 40-unit drop in neighboring Canada.

EPP kills plans for Bakken-to-Cushing crude oil pipeline

Dec 15, 2014

Enterprise Products Partners LP (EPP) has elected not to proceed with development of its proposed crude oil pipeline that would have extended 1,200 miles from the Bakken shale to the Cushing, Okla., hub.

EIA: US proved oil, gas reserves continue to climb

Dec 15, 2014

US proved reserves of oil and natural gas have increased by 9% and 10%, respectively, according a recent report from the US Energy Information Administration.

EOG sees crude potential in Leonard, Second Bone Spring

Dec 12, 2014

EOG Resources considers various formations within the Delaware basin of West Texas and New Mexico to be one of its three top US plays with the other two plays being the Eagle Ford in south Texas and the Bakken in North Dakota.

ETP eyes larger capacity for planned Bakken pipe

Dec 12, 2014

Energy Transfer Partners LP has launched a binding expansion open season to boost capacity on a planned pipeline system that would move oil from the Bakken and Three Forks shales in North Dakota to the Midwest and Gulf Coast.

Weak crude prices could threaten Bakken production growth

Dec 12, 2014

Bakken shale production set another record in August, but weakening crude prices and flaring reduction efforts threatened to temper production growth.

Bakken producers face possible new vapor pressure standards

Dec 12, 2014

Oil producers in the Bakken, Three Forks, and Sanish plays could face new transportation safety regulations from the North Dakota Industrial Commission that would set operating standards for oil-conditioning equipment at the well to separate production fluids into gas and liquid.

Bakken flaring plan for Hess includes remote NGL capture

Dec 12, 2014

Hess Corp., taking seriously a state mandate to reduce flaring in the Bakken shale, has adopted the use of a remote NGL capture technology at a handful of North Dakota wellsites to help meet its goals.

US needs more data before ending crude export ban, House panel told

Dec 11, 2014

Much more environmental impact information is needed before the US can reasonably remove crude oil export limits, a witness told a House Energy and Commerce Committee subcommittee during a Dec. 11 hearing examining energy policies enacted nearly 40 years ago.

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