Picture
Bakken Shale Oil Play

The Bakken Shale ranks as one of the largest oil developments in the U.S. in the past 40 years. The play has single-handedly driven North Dakota’s oil production to levels four times higher than previous peaks in the 1980s. As of 2012, ND is second to Texas in terms of oil production and boasts the lowest unemployment rate in the country at ~3%.

The Bakken Shale Play is located in Eastern Montana and Western North Dakota, as well as parts of Saskatchewan and Manitoba in the Williston Basin. Oil was initially discovered in the Bakken play in 1951, but was not commercial on a large scale until the past ten years. The advent of modern horizontal drilling and hydraulic fracturing helps make Bakken oil production economic. The U.S. Geological Survey has estimated the Bakken Shale Formation could yield 4.3 billion barrels of oil and estimates from Continental Resources stretch as high as 40 billion barrels.

The name “Bakken” originates from a North Dakota farmer, Henry Bakken, who owned the land where the first well encountered the Bakken formation.

Bakken Shale Geology

Bakken Oil Sale Play in the Williston Basin of Eastern Montana and North Dakota

The Bakken Shale is a rock formation that was deposited in the late Devonian, early Mississippian age. The formation consists of three layers: an upper shale layer, middle dolomite, and a lower layer of shale. The shale layers are petroleum source rocks as well as seals for the layer known as the Three Forks (dolomite) or Sanish (sands) formations.

A 2008 USGS study pegged recoverable reserves at approximately 4 billion barrels and a 2010 NDIC study estimates the underlying Three Forks formation could yield an additional 2 billion barrels. Both estimates are likely conservative. The Bakken is estimated to hold as much as 400 billion barrels of oil equivalent in place. Four billion barrels only represents 1% of the oil estimated to be in place, while current recovery estimates range from 3-10%. Continental Resources has publicly expressed beliefs the Bakken will yield anywhere from 24-40 billion barrels. If you’d like to read more, visit our Bakken Geology page for additional information.

Bakken Shale Companies

While the Bakken experienced multiple small scale booms over the past 60 years, it was a horizontal well drilled in the Elm Coulee Field by a partnership between Lyco Energy and Halliburton that incited our modern boom. The Elm Coulee was proven economic in 2003 and operators began expanding into North Dakota after EOG’s Parshall discovery in 2006. The play was driven by innovations and small to mid size exploration and production companies.


 


Comments

10/07/2014 4:15am

If the demand of citizens produced at input level involves the role of judiciary. The case is put before the honorable judges of courts. The case is placed in front of the relevant court depending on the jurisdiction and nature of case.

Reply
12/28/2014 10:39am

Hello, I really appreciate posts which contain interesting information and which I am always eager to read! Good web-site!

Reply
11/07/2015 2:52pm

Hmm. It's a problem to think about.

Reply
12/23/2015 12:31am

I don't even know how I ended up here, but I thought this post was good. I do not know who you are but definitely you are going to a famous blogger if you aren't already ;) Cheers!

Reply
02/16/2016 1:16am

Very good info about The Bakken Shale !!

Reply
03/15/2016 1:51am

Architecture home design studio in South Africa. Archid is a dynamic architecture company that is recognized for its innovative house plans.

Reply
03/15/2016 2:20am

Join Nethouseplans today and enjoy the benefits of discounted house plans and much more. Browse through our collection of floor plans, home designs and architectural floor plans to find your dream home. Visit our website today to find out more

Reply
03/15/2016 2:32am

Wow! Thank you! I constantly wanted to write on my website something like that. Can I take a portion of your post to my site?

Reply
03/28/2016 8:24am

Hello There. I discovered your blog the usage of msn. This is a very neatly written article. I’ll make sure to bookmark it and come back to read more of your useful info. Thank you for the post. I’ll definitely comeback.

Reply
04/10/2016 10:50pm

Hi there, just became alert to your blog through Google, and found that it's really informative. I am going to watch out for brussels. I will appreciate if you continue this in future. Numerous people will be benefited from your writing. Cheers!

Reply
05/12/2016 4:31am

I'm happy to continue to upgrade the most up to date news as well as write-ups to make sure that we do not saturate when you visited this blog.

Reply
05/25/2016 3:46pm

I am very lucky reading this issue at this moment. It really gives me another good point of view. Thanks!

Reply

Thank you for this information. I like it.

Reply

Its extremely brilliant YouTube video in terms of features, actually good, its quality is genuinely appreciable.

Reply
06/28/2016 10:13am

Actually worthwhile write-up. Spend interest

Reply
12/07/2016 11:02am


I admire what you have done here. I like the part where you say you are doing this to give back but I would assume by all the comments that this is working for you as well.

Reply
03/03/2017 5:25am

Great tips and very easy to understand. This will definitely be very useful for me when I get a chance to start my blog.

Reply
08/01/2017 12:26am

Thanks for the great tutorial. It is nice to go through the process at a high level.

Reply

While marketing can be tricky, it is the content that makes the site important. If you provide informative content that serves the needs of your visitors, word will spread.

Reply



Leave a Reply


SPYDR Oilfield Service LLC. Copyright 2013 - 513 East Broadway, Williston, North Dakota 58801 701-774-2340 SPYDR OILFIELD SERVICE -Roustabout -Oil Field Contstruction- Oilfield Maintenance