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The field was discovered in 2006 by Michael Johnson and sold the play to EOG Resources, which drilled, and now operates, most of the wells. [1] It was the discovery of the Parshall Field that was largely responsible for the North Dakota oil boom. [2] Parshall's break-even price is at US$38/barrel, which is the lowest on the Bakken Formation ...
Parshall is, perhaps, best known nationally for its namesake Parshall Oil Field, which surrounds the town. The 2006 discovery of the Parshall Field started the North Dakota oil boom. [14] Aspects of the oil boom near Parshall were presented in the series Boomtown on Discovery Communications cable channel Planet Green.
The North Dakota Department of Natural Resources estimated overall break-even to be just below US$40 per barrel. An analyst for Wood Mackenzie said that the overall break-even price was US$62/barrel, but in high-productivity areas such as the Sanish Field and the Parshall Oil Field, the break-even price was US$38–US$40 per barrel. [15]
North Dakota Legacy Fund; P. Parshall Oil Field This page was last edited on 24 December 2023, at 11:33 (UTC). Text is available under the Creative Commons ...
Night view of H&P drilling the Bakken. 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.
The North Dakota oil boom, lasting from 2006 to 2015, involved rapidly expanding oil extraction from the Bakken formation in the state of North Dakota. The boom began with the discovery of Parshall Oil Field in 2006, and peaked in 2012, [35] [36] but with substantially less growth noted since 2015 due to a global decline in oil prices. [37]
The North Dakota Man Camp Project is an interdisciplinary project aiming to document the crew camps of the Bakken Oil Patch, North Dakota.The project was founded by University of North Dakota (UND) scholar of social work Bret Weber and UND historian Bill Caraher, as well as historians Aaron Barth and Kostis Kourelis, archeologist Richard Rothaus and photographers John Holmgren and Kyle Cassidy.
In June 2007, the company acquired 175,000 net acres and 1 thousand barrels of oil equivalent (6,100 GJ) per day of production in Williston, North Dakota for $83 million. [1] In 2008–2009, the company acquired an additional 131,000 net acres and 1.1 thousand barrels of oil equivalent (6,700 GJ) per day of production nearby for $54 million. [1]