Williston

Commentary

Basin transactions are numerous and vary in size. With new development opportunities still presenting themselves and a benchmark operating environment, basinal activity remains high. However, while the Outlook in the US portion of the basin is uncertain, on the Canadian side, the Outlook has been undermined by the aggressive environmental policies.

Updated

June 18, 2024

Location

Description

The WLSB is a structural-sedimentary intracratonic basin located on the western shelf of the Palaeozoic North American craton. The WLSB occupies a large segment of the northern Great Plains and extends northward into Canada. The Basin region is a generally flat lying, moderately dissected flat plain. The Basin is bordered on the east and southeast by the Canadian Shield and the Sioux Uplift. The western and southwestern borders are defined by the Black Hills Uplift, Miles City Arch, Porcupine Dome, and Bowdoin Dome.

Summary

There has been a significant amount of activity in the Basin to date, with recompletions continuing to drive growth, especially on the US side. On the Canadian side, development has been slower and activity lower, but prospectivity remains.