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It was Bakken crude oil carried by train that caught fire in the deadly 2013 Lac-Mégantic rail disaster in Quebec. Part of the disaster at Lac-Mégantic has been blamed on the fact that much of the highly volatile Bakken oil was mislabeled as lower risk oil and was being shipped in substandard tank cars not designed to contain it. [71]
For instance, Continental Resources, the play's leading producer, boosted its production and reserves last year by 58% and 54%, respectively, while Kodiak Oil & Gas, another major Bakken driller ...
No doubt the Bakken has become a game-changer for U.S. energy production. But while the North Dakota oil boom gets referenced a lot, you may not know what's going on. Here are ten charts that tell ...
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.
Oil production out of North Dakota's Bakken Shale continues to surge higher. The play is now expected to hit daily oil production of more than a million barrels of oil sometime early next year.
It's hard to argue the fact that Bakken has become a game-changer for U.S. oil production. While it was discovered in the 1950s the play wasn't economically viable until more recently. Since ...
The Bakken has become the biggest development in the U.S. energy industry since Prudhoe Bay, Alaska. And while it has created enormous wealth for investors, you might not know exactly what's going ...
Oil from the Bakken shale has increasingly become the preferred oil over West Texas Intermediate, or WTI, by refineries all over the world. And, because there is so much explosive growth in ...