• 3 minutes Could Venezuela become a net oil importer?
  • 7 minutes Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 12 minutes Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 58 mins The Tony Seba report
  • 6 mins Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 14 hours Renewables to generate 50% of worldwide electricity by 2050 (BNEF report)
  • 10 hours Kenya Eyes 200+ Oil Wells
  • 6 mins Erdogan After Erdogan: New Presidential Mandate After Yesterday's Elections
  • 10 hours Are Electric Vehicles Really Better For The Environment?
  • 23 hours Oil prices going Up? NO!
  • 4 hours LNG Shortage on the Way
  • 1 day China’s Plastic Waste Ban Will Leave 111 Million Tons of Trash With Nowhere To Go
  • 2 hours Could Venezuela become a net oil importer?
  • 19 hours Saudi Arabia turns to solar
  • 2 days Oil prices going down
  • 10 hours OPEC soap opera daily update
  • 2 hours Sell out now or hold on?
  • 2 days Tesla Closing a Dozen Solar Facilities in Nine States
  • 1 hour No LNG Pipelines? Let the Trucks Roll In
Alt Text

Oil Majors Undeterred By Brazilian Turmoil

Brazil’s latest offshore auction shows…

Editorial Dept

Editorial Dept

More Info

Trending Discussions

What You Need To Know About The Alberta Bakken

Introduction

Everyone has heard of the Bakken. The Bakken is the reason why North Dakota has emerged as the second largest oil producing state in the U.S., jumping from just 310,000 barrels per day in 2010 to nearly 1.1 million barrels per day in 2014.

Upstream oil and gas companies have flocked to the Bakken, gobbling up acreage and drilling at a torrid pace in order to cash in on the basin. Drilling has certainly slowed down as oil prices have collapsed, but the Bakken still has long-term potential. Companies are putting much of their plans on hold, but will almost certainly spring back to life when oil prices rise.

The Alberta Bakken

However, there is a basin to the west of the Bakken that garners a lot less media attention, even though there is also a tremendous amount of potential. The Alberta Basin, which stretches across the border between northern Montana and southern Alberta, shares a lot of similarities to the North Dakota Bakken, located in the Williston Basin. Due to these similar features, the Alberta Basin has been dubbed the “Alberta Bakken.”

The Alberta Bakken could hold 2 to 3 billion barrels of light to medium, recoverable oil. It has good porosity and permeability, and is thought to be “less tight” than other tight oils.


The Alberta Bakken has been on the radar of some companies, but has been quiet in recent years as North Dakota has taken all the attention. Newfield Exploration (NYSE: NFX)…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News