Bakken Formation
The Bakken Formation is a rock unit occupying a substantial part of the subsurface of the Williston Basin, in Montana, North Dakota, and Saskatchewan and is believed to hold a significant amount of oil shale. The state of North Dakota released a report in April 2008 that estimated there are 167 billion barrels of oil in the Bakken. However, the report also concluded that current technology could only extract 1% or 2.1 billion barrels from the Bakken. In report published by the USGS in April 2008, the amount of technically recoverable oil in the Bakken Formation is at 3.0 to 4.3 billion barrels.
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MPLX LP Reports Third-Quarter 2024 Financial Results
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MPLX LP Reports Second-Quarter 2023 Financial Results
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Marathon Petroleum Corp. Reports Second-Quarter 2023 Results
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MPLX LP Reports First-Quarter 2020 Financial Results
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Energy Transfer (ETP), Sunoco Logistics (SXL) to Sell Minority Stake in Bakken Pipeline Project to Enbridge (EEP) and Marathon Petroleum (MPC)
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Enbridge Energy Partners (EEP), Marathon (MPC) Form Joint Venture to Acquire Bakken Pipeline System Stake
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Marathon Petroleum Corporation agrees to equity participation in Bakken Pipeline system
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