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

Westport Resources looking for acquisitions in its three core areas

Oct 21, 2002 Westport Resources Corp., Denver, engages in oil and natural gas exploitation, acquisition and exploration in the Gulf of Mexico, Rocky Mountains, West Texas, Gulf Coast, and US Midcontinent.

Basic Earth Science Systems counting on Saskatchewan JV

Oct 21, 2002 Basic Earth Science Systems Inc. has refocused its strategy towards exploration and development drilling and is emphasizing a joint venture in Saskatchewan, in the Williston basin north of Montana and North Dakota where Basic has been active since 1983.

OGJ Newsletter

Dec 9, 2002 The outlook for the 2003 North American natural gas market hinges on storage because flat-to-declining supply coupled with power generation demand should tighten the gas market, Houston-based Simmons & Co. International said.

Study: Producers face few limits on some federal lands

Jan 27, 2003 Producers face few restrictions on most energy-rich federal lands in five western basins, US officials said.

How the petroleum system relates to the petroleum province

Aug 11, 2003 A petroleum province and a petroleum system (PS) have very close links.

Area Drilling

Sep 8, 2003 Roc Oil Co. Ltd., Sydney, said it hopes to begin exploration on the 267,000-acre South Cabinda onshore block within 12-18 months.

SPECIAL REPORT: Lower drilling growth seen in US, drop in Canada

Jan 15, 2007 Price uncertainty, especially for gas, overshadows the forecast for US and Canadian drilling in 2007.

WATCHING GOVERNMENT: EIA hikes oil flow outlook

Jan 15, 2007 The US Energy Information Administration won’t present its 2007 Annual Energy Outlook (AEO) for a few more weeks.

SPECIAL REPORT: Fischer-Tropsch oil-from-coal promising as transport fuel

Feb 26, 2007 As crude oil prices rose above $50/bbl last year, interest revived in the use of Fischer-Tropsch (F-T) technology to produce transportation fuels from coal.

COMPANY NEWS: Shell offers $7.4 billion for Shell Canada stake

Feb 26, 2007 Royal Dutch Shell PLC offered $7.4 billion to shareholders in its Shell Canada Ltd. subsidiary for the 22% minority stake it does not already own.

Area Drilling

Apr 16, 2007

API: US drilling at 21-year high in 1Q

May 7, 2007 US oil and gas drilling reached a 21-year peak during 2007’s first 3 months and was nearly twice the level of first-quarter drilling activity during the 1990s, the American Petroleum Institute said on Apr. 26.

Area Drilling

Jul 2, 2007 Paramount Resources Ltd., Calgary, is rigging up two rigs newly built by the company to drill horizontal Bakken shale/Birdbear oil wells in western North Dakota.

Interest rising in New Zealand’s East Coast basin

Aug 6, 2007 Exploratory drilling will be increased late next year in the onshore portions of New Zealand’s East Coast basin as Trans-Orient Petroleum Ltd. begins a drilling program.

WATCHING GOVERNMENT: Rockies price event planned

Aug 20, 2007 Rocky Mountain oil producers think they aren’t getting a fair price. Royalty owners and state governments agree.
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