Operations

The Bakken formation in the Williston Basin is a vast sedimentary rock unit covering approximately 200,000 square miles, with the majority situated in North Dakota. The United States Geological Survey (USGS) estimates that the Bakken formation holds recoverable reserves of up to 7.4 billion barrels of oil and 6.7 trillion cubic feet of natural gas, making it one of the most promising regions for energy production.  In recent years, the Bakken has experienced remarkable production growth, significantly contributing to the United States becoming a leading oil and gas producer, with over 1.5 million barrels of oil produced per day during 2022.  Additionally, the Williston Basin benefits from a well-developed infrastructure, including over 10,000 miles of pipelines, numerous rail terminals, and processing facilities. This enables efficient transportation and distribution of oil and gas resources and provides a competitive advantage in accessing major refining and consuming markets.