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Bakken Shale in the US - Oil Shale Market Analysis and Forecasts to 2020

Published By :

GlobalData

Published Date : Jun 2010

Category :

Natural Gas

No. of Pages : 36 Pages


GlobalDatas new report Bakken Shale in the US Oil Shale Market Analysis and Forecasts to 2020 analyzes the recent activities in the Bakken shale play in the US. The report details the initial production rates, number of wells drilled and cost per well in the Bakken shale formation. The report also provides historical production in the Bakken shale (Montana and North Dakota) and the expected forecast production in the shale play to 2020. The report details the major players in the play in terms of both acreage position and production and also details activities of top five companies operating in the Bakken shale. Major infrastructure developments and merger and acquisition activities in the shale are also discussed.

Scope

The report analyzes the activities in the US Bakken shale. The scope of the report includes: 

  • The report details the major companies in the Bakken shale by acreage and by production.
  • It provides the Bakken shale production trends and expected production during 2004 2009, with forecasts to 2020.
  • Cost per well and finding and development costs in in the shale play are discussed.
  • The Bakken shale drilling statistics by period, company and field are detailed.
  • The report also details major infrastructure developments in the play during 2009-2010.
  • It provides information on the major mergers and acquisitions in the Bakken shale play during 2008-2010.
  • The report also provides analysis of the operation of major companies in the play, such as Continental Resources, EOG Resources, Hess Coporation and others.
Reasons to buy

The report will enhance your decision making capability. It will allow you to:

  • Understand the changing dynamics of the oil and gas industry in the US by understanding the role that shale plays in the energy industry of the country.
  • Develop business strategies with the help of specific insights about this lucrative shale play..
  • Understands trends and activities in the Bakken shale play.
  • Understand the market positioning of the major players in this gowing shale play in the US. 
  • Increase future revenue and profitability with the help of insights on the future opportunities and critical success factors in the shale plays.
Table Of Contents

1 Table of contents 2
1.1 List of Tables 3
1.2 List of Figures 3

2 Bakken Shale, Overview 4

3 Bakken Shale, Operational Overview 6
3.1 Bakken Shale, Initial Production Rates 6
3.2 Bakken Shale, Planned Wells 2010 7
3.3 Bakken Shale, Well Profile 8
3.4 Bakken Shale, Production Trends, 2004-2020 10
3.4.1 Historical Production, 2004-2009 10
3.4.2 Production Forecast, 2009-2020 13
3.5 Bakken Shale, Cost Trends, 2009 14
3.6 Bakken Shale, Drilling Activity, 2009 15

4 Bakken Shale, Competitive Landscape 21
4.1 Bakken Shale, Major Companies by Acreage, 2010 21
4.2 Bakken Shale, Major Companies By Production, 2009 23
4.2.1 North Dakota Bakken Shale, Major Companies By Production, 2009 24
4.2.2 Montana Bakken Shale, Major Companies By Production, 2009 25
4.3 Bakken Shale, Major Companies Operational Analysis, 2010 26
4.3.1 Continental Resources 26
4.3.2 EOG Resources 28
4.3.3 Hess Corporation 29
4.3.4 XTO Energy (ExxonMobil) 29
4.3.5 Newfield Exploration 29
4.4 Bakken Shale, Capital Expenditure By Major Companies 30

5 Bakken Shale, Mergers and Aquisition Activities 31

6 Bakken Shale, Infrastructure 33
6.1 Bakken Shale, Major Recent Midsteam Developments 33
6.1.1 ONEOK Partners plan invest over $400 million in new growth projects at Bakken shale and Woodford shale plays 33
6.1.2 NuStar Energy Opens Up New Sources Of Crude Oil To Trading Hub 34
6.1.3 EOG Builds Rail Transportation System For Bakken 34

7 Appendix 35
7.1 Abbreviations 35
7.2 Methodology 35
7.2.1 Coverage 36
7.2.2 Secondary Research 36
7.2.3 Primary Research 36
7.3 Disclaimer 36

List of Table

Bakken Shale Wells, Decline Rate (%), 2010 8
Table 4: The US, Bakken Shale, Historical Oil and Gas Production (MMboe), 2004-2009 10
Table 5: North Dakota, Historical Production From Bakken (MMboe) And Its Share In North Dakotas Oil Production (%), 2004-2009 11
Table 6: Montana, Historical Production From Bakken (MMboe), 2004-2009 12
Table 7: Bakken Shale, Historical and Forecast Production From Bakken (MMboe), 2004-2020 14
Table 8: Bakken Shale, Cost per Well For Major Companies ($m), 2010 14
Table 9: North Dakota, Number Of Bakken Shale Wells, 2004-2009 15
Table 10: North Dakota Bakken Formation, Major Fields By Number Of Producing Wells, March 2010 17
Table 11: North Dakota, Growth in Horizontal Producing Wells In Middle Bakken and Three Forks Formation, 2007-2010 18
Table 12: North Dakota, Top 10 Companies By Total Number Horizontal Wells Drilled In Middle Bakken, 2009 19
Table 13: North Dakota, Top 10 Companies By Total Number Horizontal Wells Drilled In Three Forks, 2009 20
Table 14: The US Bakken Shale, Major Companies By Acreage, 2010 22
Table 15: The US Bakken Shale, Top Companies By Production, (Million Boe), 2009 23
Table 16: North Dakota Bakken Shale, Top Companies By Production, (Million Boe), 2009 25
Table 17: Montana Bakken Shale, Top Companies By Production, (Million Boe), 2009 26
Table 18: Continental Resources, Summary Of Bakken Shale reserves and Wells, 2009 26
Table 19: Continental Resources, Bakken Shale Production (boe per day), Q1 2007-Q1 2010 27
Table 20: Continental Resources, Recent Bakken Shale, IP Rates (boe per day), 2010 28
Table 21: Newfield Exploration, Recent Bakken Shale, IP Rates (boe per day), 2010 29
Table 22: Bakken Shale, Planned Capital Expenditure By Major Companies, ($m), 2010 30
Table 23: The US Bakken Shale, Merger and Acquisition Activities, Number of Deals and Deal Value ($ Million), 2008-May 2010 31
Table 24: The US Bakken Shale, Major Mergers and Acquisitions by Deal Value ($m), 2008-May 2010 32

List of Chart

1.2 List of Figures
Figure 1: Location of Bakken Shale Formation 4
Figure 2: Bakken Shale Formation, Stratigraphy 5
Figure 3: Typical Bakken and Three Forks Well, Production Slit By Commodity (%), 2010 8
Figure 4: Bakken Shale, Well Profile, 2010 9
Figure 5: Sanish-Parshall Field Wells, Real Time Production (Boe per day), 2008-2010 9
Figure 6: The US, Bakken Shale, Historical Oil and Gas Production (MMboe), 2004-2009 10
Figure 7: North Dakota, Historical Production From Bakken (MMboe) And Its Share In North Dakotas Oil Production (%), 2004-2009 11
Figure 8: Montana, Historical Production From Bakken (MMboe), 2004-2009 12
Figure 9: Bakken Shale, Historical and Forecast Production (MMboe), 2004-2020 13
Figure 10: North Dakota, Number Of Bakken Shale Wells, 2004-2009 15
Figure 11: North Dakota Bakken Formation, Major Fields By Number Of Producing Wells, March 2010 16
Figure 12: North Dakota, Growth in Horizontal Producing Wells In the Middle Bakken and Three Forks Formation, 2007-2010 18
Figure 13: North Dakota, Top 10 Companies By Total Number Horizontal Wells Drilled In Middle Bakken, 2009 19
Figure 14: North Dakota, Top 10 Companies By Total Number Horizontal Wells Drilled In Three Forks, 2009 20
Figure 15: The US Bakken Shale, Major Companies By Acreage, 2010 21
Figure 16: The US Bakken Shale, Top Companies By Production, (Million Boe), 2009 23
Figure 17: The US Bakken Shale, Percentage Share of Major Companies In Production (%), 2009 24
Figure 18: North Dakota Bakken Shale, Top Companies By Production, (Million Boe), 2009 24
Figure 19: Montana Bakken Shale, Top Companies By Production, (Million Boe), 2009 25
Figure 20: Continental Resources, Bakken Shale Production (boe per day), Q1 2007-Q1 2010 27
Figure 21: EOG Resources, Bakken Shale Acreage Position, 2010 28
Figure 22: The US Bakken Shale, Merger and Acquisition Activities, 2008-May 2010 31
Figure 23: The US Bakken Shale, Bakken Pipeline Expansion Project 33
Figure 24: GlobalData Methodology 35

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