Bakken 3 Forks study reveals potential for 250 million barrels from new wells

In a recent meeting of the North Dakota Legislature's House Finance and Taxation Committee, discussions centered on the evolving landscape of the Bakken 3 Forks oil play, highlighting both its historical significance and future potential. The presentation provided a comprehensive overview of the Bakken formation, which has been a cornerstone of North Dakota's oil production for over a decade.

The Bakken 3 Forks play, particularly in Western North Dakota, has seen extensive drilling activity, with tens of thousands of wells producing billions of barrels of oil. The presentation detailed the geological progression of the area, noting that the exploration began with the Middle Bakken and expanded to include the Upper and Lower 3 Forks. This evolution has been marked by significant advancements in drilling technology and geological understanding, which have allowed operators to tap into previously inaccessible reserves.

One of the key points discussed was the economic viability of the Middle and Lower 3 Forks wells. While some operators have reported promising results, others have faced challenges, leading to a divide in industry perspectives. The presentation indicated that between 2013 and 2015, operators began testing these lower benches, with mixed results. Some wells yielded high production rates, particularly in Northeastern McKinsey County, while others struggled with high water cuts and low oil output, raising questions about their long-term economic feasibility.

The presenters emphasized the importance of ongoing geological surveys to assess the potential for additional reserves in the Middle 3 Forks. They identified specific areas where further drilling could yield significant oil production, estimating that an additional 600 wells could potentially add around 250 million barrels of oil to the region's reserves. This projection underscores the continued interest in the Bakken formation, despite the fluctuations in the oil market and the challenges faced by operators.

In conclusion, the meeting highlighted the Bakken 3 Forks play as a vital component of North Dakota's energy landscape, with ongoing research and exploration efforts aimed at maximizing its potential. As the industry navigates economic uncertainties and geological complexities, the insights gained from these discussions will be crucial in shaping future development strategies in the region. The committee's commitment to understanding and supporting this sector reflects the broader implications for North Dakota's economy and energy independence.