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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KeyBanc Reaffirms a 'Buy' Rating on Whiting Petroleum (WLL); Raises Estimates & Price Target
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Northern Oil and Gas (NOG) Announces Acqusition of Bakken Acreage and Production; Receives Additional Borrowing Base Under Revolving Credit Facility
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Brigham Exploration (BEXP) Prices 32M Shares At $2.75 A Share
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Brigham Exploration (BEXP) To Offer 30M Shares
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Canaccord Adams Upgrades EOG Resources (EOG) to Buy; Operating Momentum
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Encore Acquisition Company (EAC) Approves Revises Capital Budget for 2009
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KeyBanc Initiates Coverage on Crusader Energy Group (KRU) with a Hold
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NATCO Group (NTG) Subsidiary Acquires Connor Sales for $37M
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SunTrust Robinson Humphrey Upgrades St. Mary Land & Exploration (SM) to Buy
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Brigham Exploration (BEXP) Announces 1,110 BOPD Bakken Completion, Growing Williston Basin Oil Production and Apparent Third Consecutive Southern Louisiana Discovery
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Barron's Sounds A Caution Note On Northern Oil & Gas (NOG)
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Northern Oil and Gas (NOG) Announces Significant Bakken Discoveries
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SunTrust Robinson Humphrey Upgrades Concho Resources (CXO) to Buy
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SunTrust Robinson Humphrey Downgrades Brigham Exploration (BEXP) to Neutral
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XTO Energy (XTO) Completes Purchase of 352K Acres of Bakken Shale Leasehold; Agrees to Acquire Additional 100K Acres for $115M
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ConocoPhillips Reports Second-Quarter 2022 Results; Announces Increase in Planned 2022 Return of Capital to $15 Billion and Declares Quarterly Dividend and Variable Return of Cash Distribution
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Lonestar Resources, Ltd Releases Quarterly Update For March 2016

