In July 2025, Bakken Formation oil production is forecasted to be 1.18 million barrels per day, with quarterly variations ranging from 1.15 million to 1.20 million barrels per day according to Energy News Beat. Drilling activity is at a five year low.
The recent conflicts between Israel and Iran have put the energy industry on high alert. Causing a surge in oil and gas prices including the US and potentially in Israel. Predicting a rise of 10 to 20 cents for gasoline and 15 to 25 cents for diesel in the US, and if the conflict between Iran and Israel escalates, it will rise even more.
In May 2025, North Dakota’s oil and gas industry faced both opportunities and challenges in the Bakken region. While oil production remained above revenue forecasts, lower oil prices led to concerns about future activity.
Production from the Bakken shale in the Williston Basin grew rapidly in the last decade, with horizontal drilling and fracking techniques pioneered by a number of operators.
January’s oil production saw a slight dip, North Dakota’s energy sector appears to be maintaining a steady course, according to the latest Director’s Cut meeting from the Department of Mineral Resources (DMR).
House Bill 1483, which would expand an oil extraction tax exemption outside the Bakken and Three Forks formations.
Have you ever heard of the “Three Forks Play”? There’s a reservoir that lies in The Bakken shale, that according to researchers contains 250 million barrels of crude that has yet to be untapped. Apparently it’s also not too deep in the ground.
Wildfires in October attributed to a decline in oil and gas production in the state that month, according to the director of the North Dakota Department of Mineral Resources.
North Dakota’s oil production climbed to just under 1.2 million barrels per day in September.
NEW YORK, Oct 15 (Reuters) – Top U.S. oil producer Exxon Mobil Corp (XOM.N), opens new tab plans to sell a portion of its assets in North Dakota’s Bakken shale formation, the company told Reuters on Tuesday.