The Bakken Formation is known for producing a sizable amount of natural resources on a daily basis.
The formation stretches around 200,000 square miles over the Williston Basin, normally referred to as the Bakken Formation touching parts of Montana, North Dakota, Saskatchewan, and Manitoba.
Oil was first discovered in the shale back in 1951, and the formation has been a hot spot for resource-driven activity. This is especially due to modern technology and equipment allowing operators to drill down deeper into untapped natural resources.
As mentioned before, despite being one of the smaller plays in the lower 48 States, the Bakken Formation impresses by producing around 1 million barrels of oil a day.
The Bakken is a oil heavy resource play and the natural gas is often flared off. For years, this formation was viewed as one of the best shale plays around, and it has proven itself worthy of the title.
If you are a mineral owner looking to divest your interest in oil and gas royalties, give Stag Minerals a call today. Our Landmen are devoted to mineral acquisitions across the country and would like to help you. We are happy to answer any questions you may have about the acquisition process. Call us today to find out how we can turn your financial goals into a reality.