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

TSB report outlines ‘multitude of factors’ behind Lac-Megantic train derailment

Aug 20, 2014

A multitude of factors led to July 6 derailment of a runaway train in Lac Megantic, Que., carrying 72 carloads of Bakken crude oil bound for Irving Oil Ltd.’s refinery in Saint John, NB, according to an investigation report released Aug. 19 by the Transportation Safety Board of Canada (TSB).

Companies plan to connect Pioneer Rail terminal, Bakken gathering line

Aug 19, 2014

Dakota Plains Holdings Inc., Wayzata, Minn., and Hiland Partners LP unit Hiland Crude LLC reported signing an interconnection agreement that will link Dakota Plains’ Pioneer Rail terminal in New Town, ND, with Hiland’s Market Center gathering system crude oil pipeline network.

North Dakota prepares to restrict oil production for operators that fail to meet Bakken flaring targets

Aug 13, 2014

Operators that fail to comply with North Dakota's flaring reduction targets in the Bakken shale may soon be compelled to curtail production from wells found in violation, according to an order issued by state regulators in July.

Marathon tests water conservation, downspacing in Bakken

Aug 13, 2014

Marathon Oil Corp. is seeking to reduce the environmental impact of operations in the Bakken shale by reducing the amount of water used during hydraulic fracturing and testing wastewater recycling techniques.

Bakken Briefs

Aug 13, 2014

Eagle Ford Briefs

Aug 13, 2014

Study: Bakken no greater transport risk than other light crudes

Aug 11, 2014

The North Dakota Petroleum Council (NDPC) has released the final report on a study it commissioned to examine the characteristics of crude oil produced from the Bakken shale region.

Study: Bakken no greater transport risk than other light crudes

Aug 5, 2014

The North Dakota Petroleum Council (NDPC) has released the final report on a study it commissioned to examine the characteristics of crude oil produced from the Bakken shale region.

States with fracing are economically stronger, House panel told

Aug 4, 2014

US states that embraced hydraulic fracturing and horizontal drilling staged stronger economic recoveries than those that did not since 2008 when the country plunged into recession, an economist told a House Energy and Commerce subcommittee.

WoodMac: Wolfcamp spending could surpass that of Bakken by 2017

Aug 4, 2014

Activity in the Wolfcamp shale is expanding and, by as early as 2017, could overtake the Bakken in tight oil spending, according to analysis on the West Texas-New Mexico play from Wood Mackenzie.

SM Energy to acquire North Dakota assets from Baytex

Jul 31, 2014

SM Energy Co., Denver, has agreed to acquire 61,000 net acres in Divide and Williams Counties, ND, from Baytex Energy Corp., Calgary, for $330.5 million, effective July 1. The deal is expected to close toward the end of the third quarter.

PwC: 2Q oil and gas M&A activity strongest in 5 years

Jul 30, 2014

The US oil and gas industry experienced a substantial rise in mergers and acquisitions during the second quarter, according to a quarterly report by PwC US Energy Practice.

Hess looks to form Bakken midstream MLP

Jul 30, 2014

Hess Corp. reported that it will pursue the formation and initial public offering of a midstream master limited partnership (MLP) that would support the company’s production growth in the Bakken shale.

States with fracing are economically stronger, House panel told

Jul 28, 2014

US states that embraced hydraulic fracturing and horizontal drilling staged stronger economic recoveries than those that did not since 2008 when the country plunged into recession, an economist told a House Energy and Commerce subcommittee.

DOT proposes new rules for transporting crude by rail

Jul 28, 2014

A train with 20 or more tank cars carrying crude oil, ethanol, or other flammable liquids would be classified as a high - hazardous flammable train (HHFT), and would be subject to lower speed limits, routing risk assessments, and other new requirements under new US Department of Transportation regulatory proposals.

Stay Connected