Bakken News

Bakken News

Business is booming

The oil play in the Bakken formation covers parts of western North Dakota and eastern Montana. Crude oil production in North Dakota grew from a daily average of 115,000 barrels in early 2007 to more than a million barrels a day by April 2014. This represented about 12 percent of the nation’s crude oil production. In March 2012, North Dakota surpassed Alaska as the second largest oil-producing state, trailing only Texas.

Although drilling and production activity has decreased since 2015 due to a drop in the price of crude oil, electrical loads continue to grow. Forecasts predict an additional 850 megawatts (MW) of generation capacity will be needed by 2035 to serve the growing electrical needs in the Bakken. In response to the continuing growth, Basin Electric expanded two peaking stations in the region, the Lonesome Creek Station, west of Watford City, ND, and the Pioneer Generation Station, northwest of Williston, ND, both natural gas-based peaking stations.

Basin Electric has been actively monitoring the growth and planning for transmission and generation needs associated with rapidly increasing loads

Fact sheet on how Basin Electric and its members are serving the Bakken: Serving the Bakken

Basin Electric in the Bakken