BISMARCK, N.D. - The government estimated last week that up to 4.3 billion barrels of oil can be recovered from the Bakken shale formation in North Dakota and Montana, using current technology. The ...

Exxon Mobil Corporation XOM, the largest oil producer in the United States, is reportedly looking to sell some of its assets in North Dakota’s Bakken shale formation. According to a Reuters report, ...

BISMARCK, N.D. -- A single successful oil well tapped below the Bakken shale formation in western North Dakota has spurred speculation that a separate -- and perhaps rich -- oil-producing reservoir ...

BISMARCK, N.D. (AP) — Oil drillers targeting the rich Bakken shale formation in western North Dakota and eastern Montana have produced 1 billion barrels of crude, data from the two states show.

The Bakken shale has stabilized production around 1.1 million b/d, with margins squeezed by low-to-mid $50s/bbl oil prices, leading to a focus on operational efficiency rather than expansion. Vaca ...

* Firms seek to recreate Bakken success in Colorado, Texas * Investment grows in Niobrara, Eagle Ford, Barnett plays * Geologists warn optimism may be unfounded By Selam Gebrekidan NEW YORK, Aug 20 ...

Whiting Petroleum Corp said on Tuesday it is buying nearly 40,000 acres of land in the Bakken shale formation for $260 million. The seller was not disclosed. The 39,310 gross acres in North Dakota and ...

Though the Permian Basin still dominates US land drilling, the pace of growth in this region has slowed significantly.Older tight oil wells decline by 20% per year without material intervention, ...

It was once the center of America’s shale boom -- a vast reservoir of crude unleashed by hydraulic fracturing and horizontal drilling, turning North Dakota into the second-largest oil producer in the ...

North Dakota is now producing 1 million barrels of oil per day, with a large part of the credit due to the rich Bakken shale formation in the western part of the state. The state’s Department of ...