Oil Industry Reaches One Billion Barrels - KFYRTV.COM - Bismarck, ND - News, Weather, Sports

Oil Industry Reaches One Billion Barrels

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North Dakota's portion of the Bakken shale produces hundreds of thousands of barrels of oil each day, but the entire formation has reached an even larger goal.

A big landmark, and for some oil industry leaders a surprise, in the Bakken formation, as the oilfields of North Dakota and Montana have together produced one billion barrels of crude.

North Dakota's first Bakken oil well was drilled in 1951, but production in the last 10 years has dramatically increased with the use of hydraulic fracking and horizontal drilling.

"There was virtually very little Bakken Crude oil production prior to 10 years ago then the Bakken oil technology really took off in eastern Montana, and North Dakota takes it to a new level. It's all about technology. As we have just figured out more and better technologies to get that oil out of the ground, that historically we just couldn't get the Bakken oil out of the ground," says Ron Ness of the N.D. Petroleum Council.

This past winter's weather hindered production, but despite falling short of projected estimates for barrels produced per day in January and February, Ness expects the state to produce one million barrels each day sometime in May or June.

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