Big Oil Moving Toward Minot

Posted: Dec 17 2010
Oil drilling will come to the Minot area in the near future, says Lynn Helms, Director of the North Dakota Department of bigoil.jpgMineral Resources.

"All the established Bakken-Three Forks companies are playing Parshall and west. But the new money coming in is going to have to go into some of the more risky areas, so I'm very bullish on Three Forks production in Ward County and even as far as here," he said, referring to Minot.

The Bakken Formation, home to 4.3 billion barrels of recoverable oil, is hailed as the largest continuous oil formation ever assessed by the USGS. However, the Three Forks - Sanish formation lies directly underneath the Bakken zone and extends beyond it. According the Helms, the Three Forks Formation extends beyond the boundaries of Bakken and can produce oil as much as 75 to 100 miles past where Bakken production is.