The Bakken: A Trillion-Barrel Reservoir Re-Visited -- December 31, 2024

Before proceeding, read the disclaimer for this blog.

Locator: 44579B.

From June 11, 2016, link here:

• the original Leigh Price paper, Part 1, Part II; 
  
• the Bakken/Three Forks, a trillion-barrel reservoir,

USGS 2013 survey, link here.

The trillion-barrel reservoir, from April 24, 2013, link here. 

The trillion-barrel reservoir, from December 3, 2012, link here.

Now today, December 31, 2024, link here.

Graphics for this article / study can be found here. 

From the linked article, the summary at this link. 

The full article at this link.

From the linked article:

The North Dakota Department of Mineral Resources has announced the discovery of massive untapped oil resources across a portion of western North Dakota.

According to a press release from North Dakota Mineral Resources, oil and gas companies began to implement horizontal wells in the Middle Bakken as far back as 2006, and the process would later branch out into the development of the upper and middle Three Forks from 2008 to 2013.

Throughout 2024, a survey conducted by the department and state geologists evaluated historical and future oil production by looking over 593 horizontal wells in the area. Of the 25 drilling units analyzed that contained middle Three Forks horizontal wells, 17 of them (68%) showed “a clear and volumetric addition of more oil.” These results suggest that when charged, development on this middle reservoir would add 1-2 million barrels of recoverable oil for every 1,280-acre drilling spacing unit, which aids in the goal of adding more development to northeastern McKenzie County.

When the area is developed, the department suggests that over 600 middle wells could produce over 250 million barrels of oil.Spend a few minutes on this paragraph.

Spend a few minutes on this paragraph:

As of 2024, over 360 horizontal wells have been drilled and completed in the middle area — which amounts to roughly 2% of the drilling activity in the Bakken-Three Forks petroleum system, and around 1.7% of total oil production to date. This amounts to over 92 million barrels of oil, and 238 billion cubic feet of gas.

To access the full release, click here. This will not open in Firefox. Use Safari or Chrome, instead.

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Archived -- October 23, 2013

Link here.

In an attempt to make the sidebar more manageable, I am winnowing "The Best: Archived" at the sidebar at the right. Most will be removed from the sidebar at the right and placed here.

A trillion-barrel reservoir?

Bentek: the Bakken to produce 2.2 million bopd

Archived presentations

Bakken breakout, 2012

Bakken breakout, 2011 (The Bismarck Tribune link for this story is no longer working)

Maximum Bakken production

RBN Energy on flaring in the Bakken -- May 6, 2013

Publications Re: The Williston Basin

Archived commentaries

Staggering statistics, 2009

Crazy numbers

The Lodgepole: Update

Definition: The Bakken Pool

Basic Analysis of the Bakken Boom

World's Largest Microseismic Array

TOC and the Tyler

Snapshot: Data Prior to May 20, 2013 

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Disclaimer
Brief Reminder 

• I am inappropriately exuberant about the Bakken and I am often well out front of my headlights. I am often appropriately accused of hyperbole when it comes to the Bakken.
  
• I am inappropriately exuberant about the US economy and the US market.
• I am also inappropriately exuberant about all things Apple. 
• See disclaimer. This is not an investment site. 
• Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. All my posts are done quickly: there will be content and typographical errors. If something appears wrong, it probably is. Feel free to fact check everything.
  
• If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them. 
• Reminder: I am inappropriately exuberant about the Bakken, US economy, and the US market.
• I am also inappropriately exuberant about all things Apple. 
• And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia. Nvidia is a metonym for AI and/or the sixth industrial revolution.
  
• Longer version here.