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December 7, 2021

Bakken (Northern Oil and Gas, Inc) ND Unconventional Oil Field, US

By Carmen

Bakken (Northern Oil and Gas, Inc) ND is a producing unconventional oil field located onshore the US and is operated by Northern Oil & Gas.

Field participation details

The field is owned by Northern Oil & Gas.


Production from Bakken (Northern Oil and Gas, Inc) ND

The Bakken (Northern Oil and Gas, Inc) ND unconventional oil field recovered 39.50% of its total recoverable reserves, with peak production expected in 2022. The peak production will approximately 41.94 thousand bpd of crude oil and condensate and 75 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2040.


Remaining recoverable reserves

The field is expected to recover 125.74 Mmboe, comprised of 96.96 Mmbbl of crude oil & condensate and 172.72 bcf of natural gas reserves. Bakken (Northern Oil and Gas, Inc) ND unconventional oil field reserves accounts 0.14% of total remaining reserves of producing unconventional oil fields globally.


About Northern Oil & Gas

Northern Oil & Gas Inc (Northern) is an oil and gas company that offers acquisition, exploration and production services. The company acquires and maintains oil and natural gas properties in Bakken and Three Forks formations within the Williston Basin in North Dakota and Montana. It offers services such as exploration and production through its non-operating working interests in wells drilled and completed in spacing units that include its acreage. Northern evaluates and expands its acreage footprint and multi-year drilling inventory through selective and bolt-on acquisitions. The company partners with E&P operators for reliable performance and diversification of operational risk. Northern is headquartered in Minnetonka, Minnesota, 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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