Energy & Mining International - Fall/Winter 2012 - (Page 18)
E M I
W H I T I N G P E T R O L E U M C O R P.
THE WILLISTON BASIN/BAKKEN SHALE
FA L L / W I N T E R 2 0 1 2
Big in the Bakken
Whiting Petroleum is one of the largest players in the growing development of the Bakken Shale formation in the Williston Basin.
[ BY JIM HARRIS ]
Whiting Petroleum controls more than 1 million gross. acres in the Bakken Shale area..
“We will continue to take the technology we have developed and push for new areas in which we can employ it.”
// JIM BROWN, COO
With production rates of more than 600,000 barrels a day and an estimated reserve of more than 4 billion barrels, it’s no surprise that the Bakken Shale formation in the Williston Basin in Montana and North Dakota is one of the most prominent oil exploration sites in North America. One of the shale’s largest producers and acreage holders is seeing continued growth there while also setting its sights on several other hot spots in the United States. Denver-based Whiting Petroleum controls 1.1 million gross acres and 712,000 net acres of land in the Bakken in North Dakota, making it the secondlargest oil producer in the state. “We’ve had a 100 percent success rate in the ﬁrst quarter of 2012,” COO Jim Brown says. “We’re conﬁdent this is a project that’s going to work for us.” The company operates 19 drilling rigs in the Bakken Shale, making it Whiting’s most active region. Whiting also operates two of the country’s largest enhanced oil recovery projects in the North Ward Estes Field in Texas’ PerPROFILE
Whiting Petroleum Corp.. www.whiting.com | Revenues: $2 billion HQ: Denver | Employees: 770 Specialty: Oil exploration and production
Table of Contents for the Digital Edition of Energy & Mining International - Fall/Winter 2012