Receive our newsletter – data, insights and analysis delivered to you
  1. Market Data
December 3, 2021

Bakken (Oasis Petroleum Inc.) ND Unconventional Oil Field, US

By Carmen

Bakken (Oasis Petroleum Inc.) ND is a producing unconventional oil field located onshore the US and is operated by Oasis Petroleum.

Field participation details

The field is owned by Oasis Petroleum.


Production from Bakken (Oasis Petroleum Inc.) ND

The Bakken (Oasis Petroleum Inc.) ND unconventional oil field recovered 40.67% of its total recoverable reserves, with peak production in 2019. The peak production was approximately 66.99 thousand bpd of crude oil and condensate and 175 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2046.


Remaining recoverable reserves

The field is expected to recover 304.89 Mmboe, comprised of 182.13 Mmbbl of crude oil & condensate and 736.55 bcf of natural gas reserves. Bakken (Oasis Petroleum Inc.) ND unconventional oil field reserves accounts 0.33% of total remaining reserves of producing unconventional oil fields globally.


About Oasis Petroleum

Oasis Petroleum Inc (Oasis Petroleum) is an independent exploration and production company that focuses on the acquisition and development of unconventional oil and natural gas resources. The company operates in the Williston Basin in North Dakota and Montana and Permian Basin. It focuses on exploiting significant resource potential base at the Bakken and Three Forks formations in the Williston Basin. Through short-term contracts, the company also sells oil and condensate to customers at delivery points on crude oil gathering systems and wellheads of purchasers. It also operates midstream assets and offers well services through its subsidiaries. Oasis Petroleum is headquartered in Houston, Texas, 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.

Content from our partners
Green investment: What gives Scotland multiple advantages
How the North of Tyne region is leveraging its legacy to define its future
Q&A with Chevron Lubricants’ Paul Sly, global industrial OEM specialist, and Nathan Knotts, global brand technical manager

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU