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The Potential of the Bakken Region

HARTENERGY The Potential of the Bakken REGION The Bakken spans from North Dakota to eastern Montana and into Saskatchewan and southwestern Manitoba in Canada. " Alberta Saskatchewan Manitoba CANADA Bakken US North Dakota Montana It's a petroleum system characterized by: (?) * Regional hydrocarbon charge. * Organic-rich source rocks. * Low-porosity and permeability reservoirs. This source rock has been said to have potentially generated more than 3.65 billion barrels of oil. NORTH DAKOTA contains a significant amount of activity. * There are more than 3,500 Bakken wells in the state, and another 1,500 wells permitted or in progress." So what does this large formation mean for the U.S.? Energy Security Benefits One estimate states that the Bakken could produce more than 1 MILLION O00 BARRELS per day by 2020 because of: The number of crews The availability of rigs. available to perform hydraulic fracturing. Here's a look at some of the Bakken production trends in North Dakota: 151 20,000,000 15,000,000 01 04 05 06 07 10 11 12 08 09 10 01 02 03 04 05 O BBLS Oil BBLS Oil 5888885 88? 2010 2011 2012 BBLS Oil December Job Growth Benefits From 2004 to July 2012, the number of jobs available in the oil and gas producing counties in North Dakota has increased 100%. more than North Dakota alone is producing more than 500,000 barrels of oil daily. " The Bakken shale drove almost $5 billion The state's unemployment rate is only 3.3% 5 percentage points lower than the national rate. in direct economic activity in 2009. " The U.S. Interior "With the help of new technology, the Bakken play here in North Dakota is generating impressive energy production for our country and creating thousands of American jobs, as well as substantial royalty revenues for the state, tribes, and taxpayers." Department has taken notice of the Bakken's impact, as well. U.S. Interior Secretary Ken Salazar said: Conclusion The Bakken region offers a lot of potential for the United States, both in terms of an increase in energy supply and an increase in job creation and economic gain. Sources: HARTENERGY [1] http://www.ugcenter.com/item/Bakken-Activity-The-Rise_81082 [2] http://www.ugcenter.com/Bakken/EP-Focuses-the-Bakken_68160 [3] http://www.businessweek.com/ap/2012-05/D9V2KJE01.htm [4] http://www.forbes.com/sites/christopherhelman/2012/06/04/bakken-bazhenov-shale-oil/ [5] https://www.dmr.nd.gov/oilgas/stats/historicalbakkenoilstats.pdf [6] http://oversight.house.gov/hearing/americas-energy-future-part-il-a-review-of-unnecessary -and-burdensome-regulations/ [7] http://www.oilandgasinvestor.com/Exploration-Production-Industry-News/CERAWeek-Tillerson -Sees-North-America-Leading-Historic-Energy-Transformation_97410 [8] http://www.oilandgasinvestor.com/item/How-President-Obamas-Speed-Up-Drilling-Helps-Service -Stocks 98956 [9] http://www.usgs.gov/newsroom/article.asp?ID=1911#.UDJ5CN2 PV1E 54444 000°000'0L LL099 52282 7691938 000'000's 7922934 50924 86LLD08 60 8357413 58458 8530779 12 8488083 8498246 120970 7858775 9046548 04 8555825 9279915 314478 9613043 1028073 11174533 11760629 3496311 11946721 13135875 13314932 14562843 5101913 9990167 8488083 14331888 15879513 14562843 17794820 MONTH

The Potential of the Bakken Region

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North Dakota’s Bakken Shale is providing a wealth of new oil production to the U.S., along with bountiful economic activity. The Bakken could be producing as much as a million barrels per day by 202...

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Hart Energy

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oil change

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Economy
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