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The 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.
Baker Hughes achieves 24-stageopen isolation in Bakken shale
Nov 13, 2009
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Shell wins conditional approval to explore Beaufort Sea
Nov 1, 2009
The Department of the Interior's Minerals Management Service (MMS) has approved, with conditions, Shell Offshore Inc.'s Exploration Plan to explore two leases in the Beaufort Sea.
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Investors targeting shale plays
Oct 1, 2009
Energy investors are fond of resource plays, and they seem to love shale assets best.
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Continental Resources ups production, CAPEX due in part to Bakken potential
Sep 1, 2009
Continental Resources Inc. grew production 18% in the second quarter of 2009, compared with the second quarter last year and has raised its capital expenditure budget 42% to $390 million.
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EOG Resources is best in the Bakken
Aug 1, 2009
One of the largest independent oil and natural gas companies in the United States, Houston-based EOG Resources Inc., has proved reserves in the US, Canada, Trinidad, the North Sea (UK), and China.
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American Oil & Gas increases ownership in Bakken
Jul 21, 2009
American Oil & Gas Inc. has increased its working interest in the Bakken shale with separate transactions with Teton Energy Corp. and privately-held Evertson Energy Partners. |
Apache completes acquisition of nine Marathon Oil Permian Basin properties
Jul 1, 2009
Apache Corp. has completed the acquisition of nine Permian Basin oil and gas fields with current net production of 3,500 barrels of oil equivalent per day from Marathon Oil Corp.
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Whiting Petroleum’s ‘sweet spot’ is most prolific part of the Bakken
Jul 1, 2009
OGFJ recently spoke with Denver-based Whiting Petroleum, one of the leading producers in the Bakken formation in North Dakota, about the company’s current drilling activity and future plans.
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Brigham makes public offering in hopes of restarting Bakken drilling
May 14, 2009
In an effort to fund its revised capital expenditure program for 2009, including restarting its operated Bakken and Three Forks drilling program in the Williston Basin, Brigham Exploration Co. has commenced an underwritten public offering of 30,000,000 shares of common stock with a 30-day option for underwriters to purchase up to 4,500,000 additional shares of common stock. A portion of the proceeds will also go to paying down the outstanding borrowings under its senior credit facility. |
Northern Oil and Gas makes fifteen Bakken, Three Forks completions
Apr 14, 2009
Northern Oil and Gas Inc. has made fifteen additional completions in the North Dakota Bakken and Three Forks trend. The Bakken and Three Forks wells began producing at an average initial production rate of 692 barrels of oil per day. Northern Oil has drilled with a 100% success rate in the Bakken/Three Forks since inception. Northern Oil is currently participating in the drilling or completion of an additional 18 Bakken and Three Forks wells. |
Ryland enters third farm-out agreement to test Bakken formation
Feb 27, 2009
Ryland Oil Corp., through its wholly-owned subsidiary Pebble Petroleum Inc., has entered into a new farm-out agreement with Calgary-based TriAxon Resources respecting an additional 53.25 sections of Pebble's acreage adjacent to the Flat Lake Bakken oil field in southeast Saskatchewan. |
Improved technology drives Brigham’s success in Bakken
Dec 1, 2008
EDITOR’S NOTE: The use of 3-D and other advanced technologies has always been a hallmark of Austin-based Brigham Exploration.
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XTO appears ever-expanding with acquisitions, increased production
Jul 1, 2008
While Fort Worth-based XTO Energy Inc. has been steadily expanding its holdings across the country for the past few years, the company has been particularly aggressive in the last six months.
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XTO makes $1.85B Bakken Shale acquisition
May 29, 2008
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Growing through competitive advantages
Jun 1, 2005
Why are assets worth more to us than they are to others? Being able to answer that question is the key to creating economic value and opportunity at St. Mary Land & Exploration Co.
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The “natural gas revolution” is changing global energy dynamics, including the outlook for energy security in the United States and elsewhere. 
In his keynote speech to the annual 31st annual CERAWeek Executive Conference in Houston, Peter Voser, CEO of Royal Dutch Shell plc, outlines what the industry and policymakers must do to ensure society fully leverages the many benefits of natural gas. He calls for well-targeted and robustly enforced regulations to ensure tight and shale gas production meets the highest standards. He also urges the industry to do a better job of listening and responding to public concerns about the environmental and operational challenges associated with gas production.
Read the full speech by Peter Voser here.