Parshall Oil Field

The Parshall Oil Field is an oil field producing from the Bakken Formation and Three Forks Formation near the town of Parshall, in Mountrail County, North Dakota. The field is in the Williston Basin. The field was discovered in 2006 by Michael Johnson and sold the play to EOG Resources, which drilled, and now operates, most of the wells.[1] It was the discovery of the Parshall Field that was largely responsible for the North Dakota oil boom.[2] Parshall's break-even price is at US$38/barrel, which is the lowest on the Bakken Formation; overall, Bakken's break-even point is of US$62/barrel.[3]

  1. ^ Julie LeFever, What's happening at Parshall, North Dakota, North Dakota Department of Mineral Resources Newsletter, Mar. 2008, v.35 n.1.
  2. ^ US Energy Information Administration, Bakken oil production.
  3. ^ Zawadzki, Sabina (21 November 2013). "Analysis: Bakken drillers undaunted by local oil prices under $80". New York. Reuters. Archived from the original on 24 November 2013. Retrieved 7 January 2015.