That move was in response to the then-nascent boom in US shale oil production coming mainly from the Permian Basin, the BakkenShale, and the Eagle Ford Shale. Saudi and other OPEC officials ...
The Bakken, however, is a shale formation with unconventional wells. Pickett said though EOR in shale formations is possible, there still needs to be a lot of research done to see if it would be ...
By then, the hydraulic fracturing technique had advanced enough to be used profitably in the dense Bakken and Three Forks shale formations. As of February, the industry has extracted more than 5 ...
Sinopec, the state oil group, announced on Wednesday that it is progressing with the development of shale oils at its Jiyang pilot project in east China.