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Bakken Shale in the US, 2012 - Oil and Gas Shale Market Analysis and Forecasts to 2020

Abstract

Bakken Shale in the US, 2012 - Oil and Gas Shale Market Analysis and Forecasts to 2020

Summary

GlobalData's new report "Bakken Shale in the US, 2012 - Oil and Gas Shale Market Analysis and Forecasts to 2020" which provides insight into existing and potential exploration and development activities in the Bakken shale play. The report provides details about the business plans of various companies to increase their production, reserves and undeveloped land base in the US region of the shale. This has created competition between Bakken shale operators over obtaining acreage in the Williston Basin and securing potential resources for future production from the shale play. Consequently, many major merger and acquisition (M&A) activities have taken place due to companies trying to access the crude oil resources underlying the Bakken shale play. This trend is largely a result of shale plays becoming more attractive to oil and gas companies in recent years due to technological advancements improving their viability.

Scope

  • The report analyzes Bakken shale oil and gas exploration and production activities in the US. The scope of the report includes -
  • An overview of the oil and gas exploration in the Bakken shale
  • Discussion of the drivers of the shale oil and gas exploration in the Bakken shale
  • The report provides an overview of the competitive landscape of shale oil exploration in the Bakken shale and provides details of the major companies operating in the region
  • Current exploration and production statistics for the North Dakota and Montana Bakken shale. It also provides a forecast for Bakken shale production for the 2012-2020 forecast period
  • Information on the coverage and an overview of operations in the Bakken shale
  • Information on the major mergers and acquisitions in the Bakken shale in 2012
  • Details of the major recent infrastructure developments in the shale

Reasons to buy

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

  • Develop business strategies with the help of specific insights into Marcellus shale gas exploration market in the US.
  • Identify opportunities and challenges in the Marcellus shale gas exploration market in the US.
  • Plan your strategies based on expected developments in the shale gas exploration activities in the US.
  • Understand the competitive landscape of the shale gas market in the Marcellus shale play.

TOC

1 Table of Contents

1 Table of Contents 3

  • 1.1 List of Tables 4
  • 1.2 List of Figures 5

2 Introduction 6

  • 2.1 Overview 6
  • 2.2 GlobalData Report Guidance 6

3 Bakken Shale, Overview 7

4 Bakken Shale, Operational Overview 9

  • 4.1 Bakken Shale, Initial Production Rates 9
  • 4.2 Bakken Shale, Planned Wells 11
  • 4.3 Bakken Shale, Planned Rigs 12
  • 4.4 Bakken Shale, Well Profile 12
  • 4.5 Bakken Shale, Production Trends, 2004-2020 14
    • 4.5.1 Historical Production, 2004-2011 14
    • 4.5.2 Historical and Production Forecast, 2004-2020 18
  • 4.6 Bakken Shale, Cost Trends, 2012 20
  • 4.7 Bakken Shale, Drilling Activity, 2012 22
    • 4.7.1 Bakken Shale, Drilling Activities in North Dakota, 2011 22
    • 4.7.2 Bakken Shale, Bakken Horizontal Wells Completions by Major Producing Zones in North Dakota, 2012 24
    • 4.7.3 Bakken Shale, Drilling Activities in Montana, 2012 31

5 Bakken Shale, Competitive Landscape 33

  • 5.1 Bakken Shale, Major Companies by Acreage, 2012 33
  • 5.2 Bakken Shale, Major Companies By Production, 2011 36
    • 5.2.1 North Dakota Bakken Shale, Major Companies by Production, 2011 36
  • 5.3 Bakken Shale, Major Companies Operational Analysis, 2012 38
    • 5.3.1 Continental Resources Inc 38
    • 5.3.2 Hess Corporation 40
    • 5.3.3 Crescent Point Energy Corp. 42
    • 5.3.4 Whiting Petroleum Corporation 43
    • 5.3.5 ConocoPhillips 46
  • 5.4 Bakken Shale, Capital Expenditure by Major Companies 48

6 Bakken Shale, Mergers and Aquisition Activities, 2012 49

7 Bakken Shale, Infrastructure, 2012 56

8 Appendix 62

  • 8.1 Market Definitions 62
  • 8.2 Abbreviations 62
  • 8.3 Sources 63
  • 8.4 Methodology 64
    • 8.4.1 Coverage 64
    • 8.4.2 Secondary Research 64
    • 8.4.3 Primary Research 65
  • 8.5 Contact Us 65
  • 8.6 Disclaimer 65

List of Tables

1.1 List of Tables

  • Table 1: Bakken Shale, Some of the Recent Wells Drilled and Initial Production Rates by Major Companies, boed, 2012 9
  • Table 2: Bakken Shale, Planned Wells by Major Companies, Canada and the US, 2012 11
  • Table 3: Bakken Shale, Planned Rigs by Major Companies, Canada and the US, 2012 12
  • Table 4: Bakken Shale Wells, Decline Rate (%), North Dakota, 2012* 12
  • Table 5: Bakken Shale, Historical Crude Oil and Natural Gas Production, the US, mmboe, 2004-2011 15
  • Table 6: Bakken Shale, Historical Production from North Dakota (mmboe) and its Share in Total North Dakota Crude Oil Production(%), 2004-2011 16
  • Table 7: Bakken Shale, Historical Crude Oil and Natural Gas Production, Montana, mmboe, 2004-2011 17
  • Table 8: Bakken Shale, Historical and Forecast Production, the US, mmboe, 2004-2020 19
  • Table 9: Bakken Shale, Cost per Well by Major Companies, US$MM/well, Canada and the US, 2012 20
  • Table 10: Bakken Shale, Finding & Development by Major Companies, US$/boe, Canada and the US, 2012 21
  • Table 11: Bakken Shale, Number of Producing Wells, North Dakota, 2007-2011* 22
  • Table 12: Bakken Shale, Number of Gas Producing Wells, North Dakota, 2007-2011* 23
  • Table 13: Bakken Shale, Total Number of Horizontal Wells Completions in Some of the Major Producing Zone, North Dakota, 2007-September 2012 24
  • Table 14: Bakken Shale, Total Number of Horizontal Wells Completions by Major Companies, Middle Bakken Formation, North Dakota, 2007-September 2012 26
  • Table 15: Bakken Shale, Total Number of Horizontal Wells Completions by Major Companies, Three Forks Formation, North Dakota, 2007-September 2012 29
  • Table 16: Bakken Shale, Total Number of Horizontal Wells Completions by Major Companies, Middle Bakken/Three Forks Formation, North Dakota, 2007- September 2012 30
  • Table 17: Bakken Shale, Number of Wells Reported by Field, Montana, 2007-2012 32
  • Table 18: Bakken Shale, Major Companies By Acreage, Canada and the US, Net Acres, 2012 34
  • Table 19: Bakken Shale, Top 15 Companies by Production, North Dakota, mmboe, 2011 37
  • Table 20: Continental Resources Inc, Bakken Shale, Key Operational Parameters, 2012 39
  • Table 21: Hess Corporation, The Bakken Shale, Key Operational Parameters, 2012 41
  • Table 22: Crescent Point Energy Corp, Bakken Shale, Key Operational Parameters, 2012 43
  • Table 23: Whiting Petroleum Corporation, Bakken Shale, Key Operational Parameters, 2012 45
  • Table 24: ConocoPhillips, Bakken Shale, Key Operational Parameters, 2012 47
  • Table 25: Bakken Shale, Planned Capital Expenditure by Major Companies, (US$MM), 2012 48
  • Table 26: Bakken Shale, Merger and Acquisition Activities, Number of Deals and Deal Value (US$MM), the US, 2008-2012* 50
  • Table 27: Bakken Shale, Major Mergers and Acquisitions by Deal Value (US$MM), the US, 2012 50

List of Figures

1.2 List of Figures

  • Figure 1: Bakken Shale, Operational Map and the Shale's Formation, 2012 7
  • Figure 2: Bakken Shale Formation, Stratigraphy, 2012* 8
  • Figure 3: Bakken Shale Wells, Well Profile, 2012 13
  • Figure 4: Bakken Shale, Historical Crude Oil and Natural Gas Production, the US, mmboe, 2004-2011 14
  • Figure 5: Bakken Shale, Historical Crude Oil and Natural Gas Production, North Dakota, mmboe, 2004-2011* 15
  • Figure 6: Bakken Shale, Historical Crude Oil and Natural Gas Production, Montana, mmboe, 2004-2011* 16
  • Figure 7: Bakken Shale, Historical and Forecast Production, the US, mmboe, 2004-2020 18
  • Figure 8: Bakken Shale, Number of Oil Producing Wells, North Dakota, 2007-2011* 22
  • Figure 9: Bakken Shale, Number of Gas Producing Wells, North Dakota, 2007-2011* 23
  • Figure 10: Bakken Shale, Total Number of Horizontal Wells Completions in Some of the Major Producing Zones, North Dakota, 2007-September 2012 24
  • Figure 11: Bakken Shale, Total Number of Horizontal Wells Completions by major companies, Middle Bakken Formation, North Dakota, 2007-September 2012 25
  • Figure 12: Bakken Shale, Total Number of Horizontal Wells Completions by Major Companies by , Three Forks Formation, North Dakota, 2007-September 2012 28
  • Figure 13: Bakken Shale, Total Number of Horizontal Wells Completions by Major Companies, Middle Bakken/Three Forks Formation, North Dakota, 2007-September 2012 30
  • Figure 14: Bakken Shale, Number of Wells Reported by Field, Montana, 2007-2012 31
  • Figure 15: Bakken Shale, Major Companies by Acreage, Canada and the US, Net Acres, 2012 33
  • Figure 16: Bakken Shale, Top 15 Companies by Production, North Dakota, mmboe, 2011 36
  • Figure 17: Hess Corporation, Bakken Shale, Operational Map, 2012 40
  • Figure 18: Crescent Point Energy Corp, Bakken Shale, North Dakota,Operational Map, 2012 42
  • Figure 19: Whiting Petroleum Corporation, Bakken Shale, Operational Map, 2012 44
  • Figure 20: ConocoPhillips, Bakken Shale, Key Operational Parameters, 2012 46
  • Figure 21: Bakken Shale, Merger and Acquisition Activities, Number of Deals and Deal Value (US$MM), the US, 2008-2012** 49
  • Figure 22: Kinder Morgan, Pony Express Conversion, Bakken Shale, the US, 2012 56
  • Figure 23: True Companies, Butte Pipe Line, Bakken Shale, the US, 2012 57
  • Figure 24: Bakken Shale, Proposed TransCanada MarketLink, the US, 2011 58
  • Figure 25: Bakken Shale, Proposed BakkenLink Project, the US, 2011 59
  • Figure 26: Bakken Shale, Plains Bakken North Pipeline, the US, 2011 60
  • Figure 27: Bakken Shale, Bakken Pipeline Expansion Project, the US, 2010-2011 61
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