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Oil Production Potential of the North Dakota Bakken

Oil Production Potential of the North Dakota Bakken

Full Title:  Oil Production Potential of the North Dakota Bakken
Author(s):  James Mason
Publisher(s): Oil and Gas Journal
Publication Date: February 1, 2012
Full Text: Download Resource
Description (excerpt):

North Dakota began producing oil in 1951 with production reaching 100 Mbbl/d in the late 1970’s where it remained until the early 2000’s. With the advent of advanced horizontal drilling and hydro-fracturing technology and high oil prices, E&P companies began to focus on unlocking the extensive North Dakota Bakken shale oil formation in the early 2000’s. The result is a dramatic increase in oil production. In 2011, North Dakota oil production exceeded 500 Mbbl/d. What is the maximum oil production rate to be expected for the North Dakota Bakken?

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