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December 3, 2021

Bakken (Hess Corporation) ND Unconventional Oil Field, US

By Carmen

Bakken (Hess Corporation) ND is a producing unconventional oil field located onshore the US and is operated by Hess.

Field participation details

The field is owned by Hess.


Production from Bakken (Hess Corporation) ND

The Bakken (Hess Corporation) ND unconventional oil field recovered 41.32% of its total recoverable reserves, with peak production in 2020. The peak production was approximately 131.69 thousand bpd of crude oil and condensate, 222 Mmcfd of natural gas and 68.92 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2045. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 661.51 Mmboe, comprised of 445.84 Mmbbl of crude oil & condensate, 540.81 bcf of natural gas reserves and 125.54 Mmbbl of natural gas liquid reserves. Bakken (Hess Corporation) ND unconventional oil field reserves accounts 0.72% of total remaining reserves of producing unconventional oil fields globally.


About Hess

Hess Corp (Hess) is a global independent energy company, which carries out the exploration and production of crude oil and natural gas. It offers fee-based services including gathering, processing of natural gas and the fractionation of natural gas liquids, transportation of crude oil by rail car, terminaling and loading crude oil and natural gas liquids. Hess also carries out the storage and terminaling of propane, essentially in the Bakken shale play of North Dakota. Besides strategically positioned integrated assets in the core of the Bakken shale in the US, the company has operations in Denmark, the Malaysia/Thailand Joint Development Area (JDA) and Malaysia. Hess is headquartered in New York, 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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