Bakken Formation
The Bakken Formation is a rock unit occupying a substantial part of the subsurface of the Williston Basin, in Montana, North Dakota, and Saskatchewan and is believed to hold a significant amount of oil shale. The state of North Dakota released a report in April 2008 that estimated there are 167 billion barrels of oil in the Bakken. However, the report also concluded that current technology could only extract 1% or 2.1 billion barrels from the Bakken. In report published by the USGS in April 2008, the amount of technically recoverable oil in the Bakken Formation is at 3.0 to 4.3 billion barrels.
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Franchise Picks: The 20 Best Stocks to Buy - Jefferies
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Notable Mergers and Acquisitions of the Day 09/20: (XOM)/(DNR) (WTI)/(NFX) (VCLK)
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Canaccord Genuity Maintains a 'Buy' on Newfield Exploration (NFX); Raising Production Estimates
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Jefferies Upgrades Newfield Exploration (NFX) to Buy
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UPDATE - Barclays Downgraded Newfield Exploration (NFX) to Equalweight; Red Flags Up on Disappointing Guidance
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Canaccord Genuity Maintains a 'Buy' on Newfield Exploration (NFX); Aggressive Cana Entry, Solid Bakken Results, But Cautious Capital Plan
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Canaccord Genuity Maintains a 'Buy' on Newfield Exploration (NFX); Continue Seeing Improved Execution
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Barclays Reiterates an 'Overweight' on Newfield Exploration (NFX); Defers Bakken Completions to 2012; Shares Underperform by 15%
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Jefferies Slashes Price Target on Newfield Exploration (NFX) by 36% Following Q3 Performance
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Barclays on North America E&P (Large Cap): Sept. Energy Conference Preview - Producers Remain Bullish on No. America
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Canaccord Genuity Maintains a 'Buy' on Newfield Exploration (NFX); Adding to Top Picks; Value Gap to Close with Continued Execution
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Barclays on North America Oil & Gas: E&P (Large Cap): 2Q Preview and Potential Catalysts
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Ticonderoga on Oil & Gas: Earnings Results Thus Far Give Strong Read-Through for Buy-Rated CLR & WLL
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UPDATE - Canaccord Genuity Upgraded Newfield Exploration (NFX) to Buy; Recent Underperformance Represents Solid Entry Point
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Wells Fargo Downgrades Newfield Exploration (NFX) to Market Perform; Valuation Call
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FBR Capital Maintains an 'Outperform' on Newfield Exploration (NFX); Dinner with COO - Continued Comfort with Execution
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Jefferies Raises Estimates and Price Target on Newfield Exploration (NFX), Maintains Buy Rating
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FBR Capital Reiterates an 'Outperform' on Newfield Exploration (NFX); Multiple Expansion Potential High!
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FBR Capital Reiterates an 'Outperform' on Newfield Exploration (NFX): Execution Remains on Track; Bakken Surprising to the Upside
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Newfield Exploration Co. (NFX) Updates on Core Ops
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Wells Fargo Upgrades Newfield Exploration (NFX) to Outperform; Catalysts and Exploration Upside

