Oil and gas production in North Dakota has been rising steadily as the Bakken Shale Formation is being developed. North Dakota is now the #2 oil-producing state and production continues to rise.
Current Locations of Bakken Shale:
- Watford City
More information about the increased output in the Bakken Shale region can be found at the U.S. Energy Information Administration website: “North Dakota’s oil production averaged 660 thousand barrels per day (bbl/d) in June 2012, up 3% from the previous month and 71% over June 2011 volumes. Driving production gains is output from the Bakken formation in the Williston Basin, which averaged 594 thousand bbl/d in June 2012, an increase of 85% over the June 2011 average. The Bakken now accounts for 90% of North Dakota’s total oil production.”
“Production gains in the Bakken formation are the result of accelerated development activity, primarily horizontal drilling combined with hydraulic fracturing. According to the North Dakota Department of Mineral Resources, there were a total of 4,141 producing wells in the North Dakota Bakken in June 2012, up 4% from May 2012 and up 68% from the number of producing wells in June 2011.”
To download a report about the opportunities in the Bakken Shale, go to www.prnewswire.com.