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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Unusual 11 Mid-Day Movers 01/11: EEE, FFHL, SYPR, ININ, ROIAK, CRED Higher; CNST, TSTC, TLB, TUES, CKSW Lower
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Credo Petrol (CRED) Updates on Bakken Dilling Activities
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Canaccord Genuity Morning Coffee on Hess (HES): Drill Baby, Drill
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Wells Fargo Downgrades Newfield Exploration (NFX) to Market Perform; Valuation Call
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Global Hunter Securities Reiterates a 'Buy' on GeoResources (GEOI); Spinning the bit in the Bakken and Eagle Ford Shales
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Abraxas (AXAS) Issues Operational Update
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KeyBanc Raises PT on Rosetta Resources (ROSE); Attractive Valuation with Oily Transition
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Resolute Energy (REN) Updates on Bakken Trend
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Notable Analyst New Coverage 12/31: EJ, KOG, CRIC, NOG
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Global Hunter Securities Starts Northern Oil and Gas (NOG) at Neutral; An ETF-like Vehicle of the Bakken
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Global Hunter Starts Voyager Oil & Gas (VYOG) at Neutral, $5.25 Price Target
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Global Hunter Securities Starts Triangle Petroleum (TPLM) at Buy; New Kid on the Bakken
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Global Hunter Starts Kodiak Oil & Gas (KOG) at Neutral
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Hess Corp. (HES) Completes $1.05B Bakken Property Acquisition
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Susquehanna Raises Price Target on Occidental Petroleum (OXY), Maintains Positive Rating
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Needham & Company Reiterates a 'Buy' on Abaxis (ABAX); Focused on Portfolio Optimization
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Wells Fargo Starts Kodiak Oil & Gas (KOG) at Outperform; Impressive Production Ramp Looming
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Hess Corp. (HES) Completes Acquisition of American Oil & Gas
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Goldman Expects Big Things With Occidental Petroleum (OXY) New Moves
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Brigham Exploration (BECP) Completes Five High-Rate Bakken Wells; Updates on Other Ops
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Barclays on North America Oil & Gas E&P: Niobrara Oil Shale - Near-Term Catalysts
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KeyBanc Starts Oasis Petroleum (OAS) at Buy, Prcie Target $33
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UBS Maintains a 'Buy' on Hess Corp. (HES); Expands Bakken at Attractive Price
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FBR Capital Maintains an 'Outperform' on Newfield Exploration (NFX); Dinner with COO - Continued Comfort with Execution
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Plains All American Pipeline (PAA) Announces $210M Acquisition of Bakken Crude Oil Entities
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Williams (WMB) Announces $925M Acquisition of 85.8K Acres in the Bakken Oil Play
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Goldman Sachs reiterates a 'Buy' rating on QEP Resources (QEP); Not Well Known And Undervalued, With Liquids Upside in 2012
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Jefferies Raises Estimates and Price Target on Newfield Exploration (NFX), Maintains Buy Rating
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Barclays Maintains an 'Overweight' on Hess Corp (HES); Meeting Update
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Global Hunter Securities Boosts Price Target On Rosetta Resources (ROSE)
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FBR Capital Reiterates an 'Outperform' on Newfield Exploration (NFX); Multiple Expansion Potential High!
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Wells Fargo Downgrades Whiting Petroleum (WLL) to Market Perform; Bakken Has Operational Hurdles
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Wells Fargo Downgrades Oasis Petroleum (OAS) to Market Perform; Valuation Call
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UPDATE - UBS Downgrades Oasis Petroleum (OAS) to Neutral; Party Isn’t Over, But It’s Starting to Get Late
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Ticonderoga Securities maintains a 'Neutral' on Continental Resources (CLR); Analyst Day: Capex Rising to Fund the Growth
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Samson Oil & Gas (SSN) Updates on Select Operations
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Continental Resources (CLR) expects 30 percent rise in production
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Samson Oil & Gas (SSN) Board Approves Growth Initiatives, Capital Budgeting
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Canaccord Genuity Morning Coffee: Plains Exploration & Production (PXP) - No "Applause Now" Sign Needed
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Canaccord Genuity on Brigham Exploration (BEXP): Meanwhile in North Dakota...
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ONEOK Partners (OKS) Announces Bakken Shale Investment Plan; $300M - $355M by End of FY12
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ONEOK Partners (OKS) Announces Plan for Large Investment for Growth Projects in the Bakken Shale
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Samson Oil & Gas (SSN) Advises on Earl #1- 13H and Gary #1-24H Wells
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Kodiak Oil & Gas (KOG) Updates on Williston Basin Operating Activities; Frac Design Leads to Strong Results
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Wells Fargo Initiates Coverage on Oasis Petroleum (OAS) with an Outperform; Leading Bakken Leverage Well Funded, Oil Dominated Growth
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Resolute Energy Corp. (REN) Enters into Bakken Trend Development Agreement with Marathon Oil (MRO)
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Kodiak Oil & Gas (KOG) Closes on 28.75 Million Share Offering
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FBR Capital Maintains an 'Outperform' on Rosetta Resources (ROSE); Patience Should Be Well Rewarded
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Goldman Sachs Upgrades EOG Resources Inc. (EOG) to Conviction Buy List
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Canaccord Genuity Reiterates a 'Buy' on Whiting Petroleum (WLL); Raising Target on Solid Quarter

