ShaleBlog.com » Bakken Shale

Fracking Backlog in North Dakota

admin — Fri, 20 Jan 2012 05:35:57 +0000

Even though oil production from North Dakota’s Bakken Formation has propelled the state to new production records there is still a backlog of wells to be fracked.

Declining Royalty Payments from Natural Gas Wells

admin — Wed, 04 Jan 2012 01:55:34 +0000

Many property owners are very surprised when the royalties that they receive from a natural gas well on their property decline sharply. They are learning about production decline curves.

North Dakota Oil Production Rising

admin — Fri, 30 Dec 2011 05:23:31 +0000

Rising production from the Bakken Shale has propelled North Dakota up to the fourth largest oil producing state behind Texas, Alaska and California.

1/3 of Bakken Gas is Flared

admin — Thu, 29 Dec 2011 14:30:55 +0000

The Energy Information Administration reports that about 1/3 of the natural gas produced from the Bakken Formation of North Dakota is flared instead of marketed because natural gas pipelines are not present in the production area or they can not accept additional gas.

Learning about Oil and Gas Leases

admin — Mon, 05 Dec 2011 05:01:30 +0000

An article in the New York Times reviews some potential rewards and problems that occur when a landowner decides to lease his property for oil and and gas development.

Related: Mineral Rights

North Dakota: Record Oil Production

admin — Mon, 28 Nov 2011 16:29:59 +0000

There is still more than one month remaining in 2011, but oil production in North Dakota has broken the annual record set in 2010. The state is on-target to produce about 150 million barrels.

Hiring Boom in North Dakota

admin — Fri, 28 Oct 2011 05:24:37 +0000

Thousands of high-paying new jobs are unfilled in North Dakota where natural gas and oil are being produced from the Bakken Formation, the Niobrara Shale and other rock units.

How Much Oil is in the Bakken?

admin — Tue, 04 Oct 2011 05:56:04 +0000

Although the United States Geological Survey estimates that the Bakken Formation beneath parts of North Dakota, Montana and Canada might contain over 4 billion barrels of oil, Harold Hamm, believes that it might contain up to 24 billion barrels.

Oh No! Who Really Owns the Natural Gas in Shale?

admin — Fri, 23 Sep 2011 17:59:03 +0000

Is natural gas part of the shale or is it a fugitive commodity that is not an integral part of any specific rock unit? Will a refined legal definition of natural gas in Pennsylvania overturn thousands of historic leases?

Oil Rig Count Exceeds Natural Gas Rig Count

admin — Sat, 20 Aug 2011 15:22:18 +0000

The number of oil rigs drilling in the United States has surpassed the number of natural gas rigs for the first time in 18 years. Low natural gas prices discourage drilling and the discovery of oil in shale plays such as the Utica Shale, Bakken Shale and Eagle Ford Shale has attracted attention.

Bakken Shale Oil Report from EPRINC

admin — Thu, 04 Aug 2011 18:08:50 +0000

The Energy Policy Research Foundation has released a report titled: The Bakken Boom: An Introduction to North Dakota’s Shale Oil. Oil production from the Bakken could surpass 700,000 barrels per day within the next few years.

Shale Gas and U.S. National Security

admin — Fri, 22 Jul 2011 05:35:56 +0000

The Baker Institute for Public Policy at Rice University has published a report titled: “Shale Gas and U.S. National Security”. “This study assesses the impact of U.S. domestic shale gas development on energy security and U.S. national security, with emphasis on the geopolitical consequences of rising supplies of U.S. natural gas from shale and the implications for U.S. foreign policy.” Quoted from the report summary.

Bakken Formation Oil and Gas Reassessment

admin — Sat, 21 May 2011 16:10:10 +0000

In the past three years oil and natural gas production from the Bakken Formation of North Dakota and Montana has increased dramatically causing the United States Geological Survey to launch an update of its last assessment that was completed just three years ago. More at UPI.com.

Chesapeake Energy: Land Acquisition Machine

admin — Mon, 09 May 2011 16:05:16 +0000

A post on the Seeking Alpha blog details how successful Chesapeake Energy has been at rapidly leasing enormous acreages in all of the major natural gas shale plays in the United States. They author calls them a “land acquisition machine”.

Small, Successful Operators in the Bakken/Three Forks Are Take-Over Targets

admin — Wed, 16 Feb 2011 17:55:21 +0000

According to a brief article in the Oil and Gas Journal, small successful operators in the Bakken Shale / Three Forks Shale play might be prime take-over targets.