oil prices plunge after report Saudi Arabia oil supplies returning to normal

According to a CNBC.Com article today, Saudi Arabian oil production looks to increase to normal levels faster than initially expected. The oil markets worst fears of a prolonged production output may not actually happen. Some sources think up to 70% of normal...

Saudi Oil Production Attacked

Over the weekend oil production was damaged and taken offline as a result of missile and drone attacks. It is initially feared that up to half of total Saudi Arabian oil production has been taken down. This would represent up to 5% of total world oil production and...

North Dakota Oil Production Stays Over 1 Million Barrels Per Day

For the drillers in North Dakota, things seem to be stabilizing at just over 1 million barrels per day of oil production. According to a recent North Dakota Department of Mineral Resources report oil production in the state is just above 1 million barrels per day....

Boriding Metal Vapor Treatments

Boriding is a treatment of metal that usually occurs at high temperatures. The process of Boriding is also called Boronizing as the two terms are interchangeable. Boriding is the process by which boron is introduced to a metal or alloy. It is a type of surface...

OPEC Agrees To Limit Production

Well it looks like OPEC has finally agreed to try and limit production. It may be that the pain is getting to be to much even for the wealthy kingdom of Saudi Arabia. As a result of the potential agreement oil prices have shot up taking the stock prices of many oil...

Bakken oil Rig Count

The rig count for the Bakken as of yesterday, September 16, 2016 is 27. I hear many people talking about all the rigs going back online, but not in the Bakken. The rig count is still very low, and production continues to fall. According the the latest "eia.gov"...
Welcome to our Website. We are the Bakken Oil News. News, Views and Statistics. We will strive to provide quality information that will keep you interested and informed. The Bakken is one of the newest, and most productive oil fields in the United States.

The Bakken covers parts of Montana, North Dakota and Southern Canada. Production in the Bakken has been more than 1.2 million barrels of oil a day at it’s peak. Production is now lower as a result of lower drilling activity levels.

Bakken News Oil Rig Count

Number of active drilling rigs in the Williston Basin.*

52*

This information is from the Baker Hughes
Rig Count report dated 11/8/2019.

According to a 2013 article published by the USGS, there are approximately 7.4 billion barrels of undiscovered, technically recoverable oil in the combined Bakken and Three Forks Formations in North Dakota, South Dakota and Montana. This is an incredibly large amount of oil. These assessments of the two formations represent a 100% increase in projected recoverable oil from the 2008 assessment of 3.65 billion barrels of undiscovered oil in the Bakken Formation.

Here is a link to the USGS article for your review. USGS Bakken and Three Forks Assessment.

If you have an oil and gas company and are looking for internet marketing services, please contact us at Websitepromoters.com.