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

Lampasas gets first commercial field with Strawn gas in Fort Worth basin

Aug 27, 2007 The Fort Worth basin was noted for prolific oil and gas production long before the discovery of Newark East field in 1981 and the extensive Barnett shale gas play.

Triangle Petroleum, Kerogen Resources drilling Arkansas’ Fayetteville shale gas

Sep 17, 2007 Calgary’s Triangle Petroleum Corp. and Houston’s Kerogen Resources Inc. have begun drilling Arkansas’ Fayetteville shale.

US gas reserves climb as oil declines again

Nov 19, 2007 US proved reserves of gas were up 3.3% in 2006 compared with 2005, natural gas liquids reserves were up 3.8%, and crude oil reserves fell 3.6%, the Energy Information Administration reported.

COMPANY NEWS: Penn West Energy to acquire Canetic Resources

Dec 3, 2007 Penn West Energy Trust announced that it would buy fellow Canadian trust Canetic Resources Trust, Calgary.

OGJ Newsletter

Dec 17, 2007

DRILLING MARKET FOCUS: Canadian companies reduce activities with price swings

Jan 12, 2009 The high season for Canadian drilling should begin now, but many Canadian operators plan to scale back operations.

Special Report: Economic slump to suppress US, worldwide oil use in 2009

Jan 19, 2009 US energy demand this year will shrink along with the economy, but total use of all forms of energy will decline by a smaller margin than during 2008.

Special Report: Fewer wells to be drilled in US, Canada in 2009

Jan 19, 2009 Drilling in the US is declining in response to the 2008 oil and gas price collapse and financial crisis in the US, and further drops are expected in the US and Canada in 2009.

Final EIA figures show US 2007 oil reserves grew 2%

Feb 2, 2009 Proved US oil reserves rose by 345 million bbl, or 2%, during 2007 to 21.32 billion bbl from 20.97 billion bbl at the beginning of the year, reported the US Energy Information Administration on Jan. 28.

OGJ Newsletter

Feb 9, 2009

State governors evaluate energy’s role in economic strategies

Mar 9, 2009 US governors brought a wider than usual range of energy ideas to the 2009 winter meeting of the National Governors Association Feb. 21-23 in Washington as they grappled with a deepening recession.

OGJ Newsletter

Mar 16, 2009

OGJ Newsletter

May 11, 2009

Bakken, Barnett, Manitoba fuel EOG’s liquids binge

May 18, 2009 EOG Resources Inc., Houston, is emphasizing North American liquids and natural gas plays as it develops and explores unconventional and conventional plays in US and Canadian basins.

OGJ Newsletter

Jun 8, 2009
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