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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Phillips 66, Energy Transfer and Sunoco Logistics Form Joint Venture to Construct Crude Oil Pipeline from Nederland, Texas, to Louisiana Refinery Market
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Sunoco Logistics Announces Ownership in Bakken Pipeline, Earnings for First Quarter 2015 and Continued Distribution Growth
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Energy Transfer Equity Reports First Quarter Results
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Energy Transfer Partners Reports First Quarter Results
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Energy Transfer Partners (ETP), Energy Transfer Equity (ETE) Announce Final Bakken Pipeline Terms
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Values Could Emerge in MLP Sell-Off, Says Wells Fargo (ETE) (KMI) (MWE)
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Energy Transfer Partners (ETP) Board Approves Crude Pipeline
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Notable Mergers and Acquisitions of the Day 10/17: (KMI)/(EP) (ANDS) (STO)/(BEXP) (AGP)/(ETP)
