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.

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 ...

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 ...

The Upper Devonian-Lower Mississippian Bakken formation in North Dakota and Montana, which has produced 105 million bbl of oil through the end of 2007, contains an estimated 3 to 4.3 billion bbl of ...

BISMARCK - A federal report on how lucrative potential oil production is in the Bakken Shale formation will be released Thursday. Sen. Byron Dorgan, D-N.D., and the North Dakota Industrial Commission ...

BISMARCK, N.D. (AP) -- The Bakken shale formation in North Dakota holds up to 167 billion barrels of oil but only about 1 percent of it can be recovered using current technology, a new state study ...

Research from Deutsche Bank found North Dakota’s Bakken shale formation created 115,000 U.S. mining jobs over the past five years. For every one of those 115,000 jobs, an additional three jobs were ...

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 ...

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, ...