TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Bakken oil fields mark billionth barrel

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

Daily Photo Galleries

By The Associated Press
Wednesday, April 30, 2014, 12:01 a.m.
 

State data show that 1 billion barrels of oil have been produced from the rich Bakken shale formation in western North Dakota and eastern Montana.

Drillers first targeted the Bakken in Montana in 2000 and moved into North Dakota about five years later using advanced horizontal drilling and fracking techniques.

Data show North Dakota has tallied 852 million barrels of Bakken crude and Montana has produced about 151 million.

The Bakken encompasses about 25,000 square miles in North Dakota, Montana, Saskatchewan and Manitoba. About two-thirds of the acreage is in western North Dakota.

Oklahoma-based Continental Resources is the biggest leaseholder in the Bakken. The company said two-thirds of the production from the Bakken has been extracted in the past three years.

Subscribe today! Click here for our subscription offers.

 

 


Show commenting policy

Most-Read Business Headlines

  1. Aggressive drivers to face Progressive surcharges
  2. Komando: Boost cellphone signal when nixing landline
  3. Falling demand for steel not likely to reverse any time soon
  4. Tourists rush to visit Cuba before American influence felt
  5. Dow Chemical, Olin in $5B cash-and-stock deal
  6. Economy in steady, but poky expansion
  7. Credit card use reflects confidence, flat wages
  8. Internet ‘one road in and out’ for rural users
  9. Reliable family car feels upscale
  10. Federal Trade Commission cracks down on crooked vehicle sales