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December 7, 2021

Bakken (PetroShale Inc.) ND Unconventional Oil Field, US

By Carmen

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

Field participation details

The field is owned by PetroShale.


Production from Bakken (PetroShale Inc.) ND

The Bakken (PetroShale Inc.) ND unconventional oil field recovered 7.31% of its total recoverable reserves, with peak production expected in 2030. The peak production will approximately 27.23 thousand bpd of crude oil and condensate, 21 Mmcfd of natural gas and 3.87 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2045.


Remaining recoverable reserves

The field is expected to recover 152.94 Mmboe, comprised of 117.51 Mmbbl of crude oil & condensate, 102.2 bcf of natural gas reserves and 18.39 Mmbbl of natural gas liquid reserves. Bakken (PetroShale Inc.) ND unconventional oil field reserves accounts 0.17% of total remaining reserves of producing unconventional oil fields globally.


About PetroShale

PetroShale Inc (PetroShale), formerly Algonquin Oil & Gas Ltd, is an oil and natural gas company that offers acquisition, development and exploration of petroleum and natural gas properties. The company offers production of petroleum and natural gas. It also provides exploration and development services of natural gas and oil properties segments. The company operates through its subsidiaries. It holds interests in the Bakken and Three Forks, North Dakota. The company’s petroleum stacked zones accessible for development. Middle Bakken, Three Forks Benches One, Two, Three & Four, Pronghorn/Sanish and Lodgepole. It offer service to significant operations and financial operation, among others. The company operates in Canada and the US. PetroShale is headquartered in Calgary, Alberta, Canada.

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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