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

West Coast CBR-project legal risks require management

Oct 5, 2015

Siting crude-by-rail (CBR) terminals in areas that already have high volatile organic compound (VOC) emissions is among the steps companies can take to reduce the risk of legal action against their construction and operation.

Badlands advances proposed North Dakota processing plant

Sep 29, 2015

Continental Resources Inc., Oklahoma City, has entered a deal with Badlands NGLs LLC, Denver, for the long-term supply of ethane to Badlands’ proposed polyethylene (PE) production plant to be built in North Dakota.

End of The Line: Could Bakken Crude-by-Rail Transport Disappear?

Sep 28, 2015

Bakken crude-by-rail (CBR) volumes are down this year, and pipeline shipments are increasing as production levels off in the wake of last year's price crash.

PwC US: Utica most active shale play for 2Q M&A activity in oil, gas industry

Sep 28, 2015

The Utica was the most active shale play for upstream mergers and acquisitions having values greater than $50 million during the second quarter, said analysis from PwC using transaction data from Global Data.

IEA: Continued low oil prices slam brakes on US light, tight oil growth

Sep 28, 2015

A recent spiral in US light, sweet crude oil prices on the New York Mercantile Exchange to 6-year lows accompanied by a drilling slowdown across most unconventional plays was reflected in the International Energy Agency's Monthly Oil Market Report, which forecast light, tight oil (LTO) production will contract.

Bakken Briefs

Sep 28, 2015

North Dakota regulators give Bakken producers extension to meet flaring requirements

Sep 25, 2015

The North Dakota Industrial Commission (NDIC) gave the oil and gas industry 10 extra months to reduce the amount of associated natural gas flared at oil wells, citing industry’s comments that pipeline construction delays have made it all but impossible to meet existing targets.

BHI: US rig count falls for fourth straight week

Sep 18, 2015

The overall US drilling rig count lost 6 units during the week ended Sept. 18 in a fourth straight week of declines, according to data from Baker Hughes Inc. The new total of 842 is the lowest since the first week of January 2003.

EIA: US shale oil output to drop 80,000 b/d in October

Sep 14, 2015

Crude oil production in October from seven major US shale plays is expected to drop 80,000 b/d to 5.21 million b/d, according to the US Energy Information Administration’s latest Drilling Productivity Report (DPR). That’s less than projected declines for each of the previous 4 months.

BHI: US rig count hits lowest level since January 2003

Sep 11, 2015

The overall US drilling rig count declined 16 units to 848 during the week ended Sept. 11, representing a new low point during the current downcycle, according to data from Baker Hughes Inc.

Continental Resources to defer completion activity, cut Bakken rigs

Sep 9, 2015

Continental Resources Inc., Oklahoma City, plans to defer some well completion activity and trim its Bakken shale rig count in an effort to reduce 2015 capital spending by $300-350 million.

A North Dakota update

Sep 7, 2015

When it comes to reporting what's going on in US oil and gas producing states, even the dimmest Washington, DC, reporter periodically remembers to start by speaking with people who are actually there.

EIA lowers US oil output estimates amid prolonged oil-price slump

Sep 7, 2015

US crude oil production in June totaled 9.3 million b/d, a decline of 100,000 b/d from the revised May figure, according to the US Energy Information Administration's Petroleum Supply Monthly (PSM) released Aug. 31. The US hit a peak of 9.61 million b/d in April.

US rig count down 8 units, ‘ugly’ next 12 months expected

Aug 28, 2015

After several weeks in which the overall US drilling rig count steadily climbed, the week ended Aug. 28 marked its largest loss since early June, dropping 8 units to 877 rigs working, according to data from Baker Hughes Inc.

BHI: US oil-directed rig count rises for fifth straight week

Aug 21, 2015

The overall US drilling rig count edged up 1 unit to 885 rigs working during the week ended Aug. 21, according to data from Baker Hughes Inc. The oil-directed count increased for the fifth straight week, rising 2 more units.

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