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

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.

North Dakota producers face new vapor pressure standards

Dec 10, 2014

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.

ConocoPhillips slashes 2015 capital budget

Dec 8, 2014

ConocoPhillips has elected to reduce its 2015 capital budget to $13.5 billion, down 20% compared with this year’s budget. The news comes on the heels of crude oil prices hitting 5-year lows.

Whiting completes acquisition of Kodiak

Dec 8, 2014

Whiting Petroleum Corp. has completed its acquisition of Kodiak Oil & Gas Corp. following the issuance of a final order by the Supreme Court of British Columbia approving the deal on Dec. 5.

US proved oil, gas reserves continue to climb

Dec 4, 2014

US proved reserves of oil and natural gas have increased by 9% and 10%, respectively, according to the US Energy Information Administration. The 3.1-billion bbl increase in proved oil reserves in 2013 marks the fifth consecutive jump, EIA said in a recent report. Proved oil reserves reached 36.5 billion bbl in 2013, up from 33.4 billion bbl in EIA’s report in 2012.

Prospects for US crude exports to Asia are looking up

Dec 1, 2014

Within the next 3 to 4 years, the US can become an oil and condensate exporter capable of making available to the world market more than 1.5 million b/d of domestic crude and condensate along with 500,000-600,000 b/d of re-exported Canadian crude-a total liquids export volume on par with Kuwait.

North Dakota lawmakers mull Bakken crude regulations

Nov 24, 2014

Oil producers in North Dakota's Bakken and Three Forks formations could be required to strip gases from crude oil showing high vapor pressure before transporting the oil under new standards being considered by the North Dakota Industrial Commission, which met Nov. 13.

Stay Connected