Share “Bakken oil fields produce billionth barrel...”

Bakken oil fields produce billionth barrel of oil

By JAMES MacPHERSON, Associated Press Modified: April 29, 2014 at 9:08 pm •  Published: April 30, 2014
Advertisement

— Oil drillers targeting the rich Bakken shale formation in western North Dakota and eastern Montana have produced 1 billion barrels of crude, data from the two states show. Drillers first targeted the Bakken in Montana in 2000 and moved into North Dakota about five years later. North Dakota has generated 852 million barrels of Bakken crude, and Montana has produced about 151 million barrels. Oklahoma City-based Continental Resources Inc., one of the oldest and biggest operators in the Bakken, said two-thirds of the production has come in the past three years. Continental Chairman Harold Hamm told The Associated Press, “It’s right in line with expectations.”

Associated Press