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December 3, 2021updated 27 Apr 2022 12:35pm

Bakken (Continental Resources, Inc.) ND Unconventional Oil Field, US

By Carmen

Bakken (Continental Resources, Inc.) ND is a producing unconventional oil field located onshore the US and is operated by Continental Resources.

Field participation details

The field is owned by Continental Resources.


Production from Bakken (Continental Resources, Inc.) ND

The Bakken (Continental Resources, Inc.) ND unconventional oil field recovered 42.24% of its total recoverable reserves, with peak production in 2019. The peak production was approximately 176.76 thousand bpd of crude oil and condensate and 331 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2055. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 796.92 Mmboe, comprised of 554.16 Mmbbl of crude oil & condensate and 1,456.58 bcf of natural gas reserves. Bakken (Continental Resources, Inc.) ND unconventional oil field reserves accounts 0.98% of total remaining reserves of producing unconventional oil fields globally.


About Continental Resources

Continental Resources Inc (Continental Resources) is an independent upstream oil and gas company. The company explores for, develops and produces crude oil and natural gas. It operates in the onshore oil field, the Bakken of North Dakota and Montana; SCOOP play in Woodford reservoir; SCOOP Springer oil reserve in southern Oklahoma; STACK oil reserve in Oklahoma; and Northwest Cana plays. The company utilizes advanced three dimensional seismic, horizontal drilling, geosteering technologies for identifying new oil and natural gas reservoirs, develop and produce crude oil and natural gas reserves from unconventional formations in the US. Continental Resources is headquartered in Oklahoma City, Oklahoma, the US.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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