A private equity-backed exploration and production company formed in 2012 to focus on drilling and development opportunities in the Williston Basin of Montana and North Dakota, primarily in the prolific Bakken formation.
The Kraken (kra:ken)
The Kraken is a legendary sea creature of giant proportions thought to dwell in the deepest parts of the oceans. Its figure resembles that of a squid or octopus, and although a specimen has never been seen or captured, the legend continues to the present day.
At Kraken Oil and Gas, we are intent on the accurate identification and successful, safe, and efficient development of the largest accumulations of oil and gas in the United States. The U.S. Geological Survey estimates that up to 7.4 billion barrels of oil will ultimately be recovered from the Bakken. In its April 2008 study, the Bakken was classified as the largest continuous oil accumulation ever assessed in the contiguous United States. Kraken is proud to be part of this world class development, and excited by the potential it holds.