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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Par Pacific Holdings Reports Third Quarter 2024 Results
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Par Pacific Holdings Reports Strong Second Quarter 2022 Results
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Par Pacific (PARR) to Acquire U.S. Oil & Refining Co. for Over $358 Million
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Par Pacific to Acquire U.S. Oil & Refining Co. to Significantly Boost Mainland Refining and Logistics Presence
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Par Pacific Holdings to Acquire Wyoming Refining and Related Logistics Assets
