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

PwC US: Eagle Ford, Marcellus most active shale plays for 2Q M&A

Aug 7, 2013

Transactions involving unconventional oil and gas assets remained a key driver for deal activity in the second quarter, and midstream shale assets values beat upstream shale deal total for a second consecutive quarter, PwC reported in an analysis of industry’s merger and acquisition activity.

Senators promote North Dakota’s regulatory role during Jewell visit

Aug 7, 2013

North Dakota’s two US senators—John Hoeven (R) and Heidi Heitkamp (D)—welcomed US Sec. of the Interior Sally Jewell to the state for a 2-day visit on Aug. 6. They used the occasion to show her how the state is aggressively developing energy resources in it with its own comprehensive regulatory approach.

Rail emerging as long-term North American crude option

Aug 5, 2013

WoodMac: US unconventional plays will help reduce imports from abroad

Jul 31, 2013

Unconventional oil and gas plays will continue to drive US and Canadian production for years, with the Bakken formation in North Dakota and Montana along with the South Texas Eagle Ford shale play accounting for much of the tight oil production increase, said analysts with Wood Mackenzie Ltd.

Deadly train derailment in Quebec carried Bakken crude

Jul 8, 2013

A runaway train carrying crude oil from the Bakken formation derailed early July 6 in Lac Megantic, Que., resulting in fires and explosions that destroyed much of the town, leaving dozens dead or missing, Canadian authorities said.

Natural Resource Partners to buy stake in Bakken, Three Forks

Jun 17, 2013

Natural Resource Partners LP, Houston, agreed to acquire an 11% working interest in producing assets in the Bakken and Three Forks formations in North Dakota and Montana from Abraxas Petroleum Corp. for $35.3 million, marking NRP’s entry into the Bakken formation.

The Bakken's billions

May 20, 2013

How much oil can be produced from the Williston basin's Bakken and Three Forks formations?

Bakken, Three Forks resources rise twofold in new USGS estimate

May 6, 2013

The Bakken and Three Forks formations in North Dakota, South Dakota, and Montana hold an estimated mean of 7.38 billion bbl of undiscovered, technically recoverable crude oil, the US Geological Survey announced in an update.

BAKKEN briefs

May 1, 2013

Montana-North Dakota kicks off safety stand-down

May 1, 2013

WARD COUNTY, ND—The Montana-North Dakota chapter of the National Service, Transmission, Exploration, and Production Safety Network (MonDaks STEPS) held its first safety stand down on Feb. 14, 2013.

Samson Oil & Gas boosts central Bakken formation holdings

Apr 16, 2013

Samson Oil & Gas Ltd. agreed to acquire a net 1,225 acres in two drilling units in the Rainbow Project, Williams County, ND, involving the Bakken and Three Forks formations.

Oneok completes Bakken, Mont Belvieu NGL projects

Apr 10, 2013

Oneok Partners LP has completed three projects that are part of its previously announced growth program through 2015.

CenterPoint to gather XTO Bakken crude production

Apr 9, 2013

CenterPoint Energy Bakken Crude Services LLC (CEBCS), an indirect, wholly owned subsidiary of CenterPoint Energy Inc., has entered into a long-term agreement with XTO Energy Inc., a subsidiary of ExxonMobil Corp, to gather XTO’s crude oil production through a new crude oil gathering and transportation pipeline system in North Dakota's Bakken formation.

North Dakota diesel refinery work starts

Mar 27, 2013

Construction has begun of the 20,000-b/d Dakota Prairie Refinery west of Dickinson, ND, which will yield mainly diesel from Bakken crude oil (OGJ Online, Feb. 7, 2013).

Continental nearly doubles Bakken reserves

Feb 11, 2013

Continental Resources Inc., Oklahoma City, the top producer and leaseholder in the Williston basin Bakken play, said it increased its yearend 2012 proved reserves 54% to 785 million bbl of oil equivalent, 72% oil.

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