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The North Dakota oil boom was the period of rapidly expanding oil extraction from the Bakken Formation in the state of North Dakota that lasted from the discovery of the Parshall Oil Field in 2006, and peaked in 2012, [1][2] but with substantially less growth noted since 2015 due to a global decline in oil prices. [3]
The newest numbers showed that daily crude output remained above one million barrels for the 29th month, further confirming North Dakota as one of the hottest shale plays in the United States.
US Bakken and Three Forks wells as of 2013. The Bakken Formation (/ ˈbɑːkən / BAH-kən) is a rock unit from the Late Devonian to Early Mississippian age occupying about 200,000 square miles (520,000 km 2) of the subsurface of the Williston Basin, underlying parts of Montana, North Dakota, Saskatchewan and Manitoba.
The newest numbers showed that daily crude output remained above one million barrels for the 28th month, further confirming North Dakota as one of the hottest shale plays in the United States.
North Dakota's daily crude production in September broke the previous all-time high set in August, while natural gas output and producing wells also hit records.
Oil Patch Hotline is a semi-monthly newsletter about the oil and gas production industry in North Dakota, Montana and Wyoming. It is published in Williston, North Dakota. The parent company is based out of Plymouth, Florida. Publication began in 1978 (46 years ago) () as the domestic oil industry flourished with rising energy prices. The cycle ...