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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IFR Appoints Glenn Dawson to Board of Directors, Extends Evaluation Plan
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$251 Billion in Public Oil & Gas Companies Will Be in Denver for the 23rd Annual EnerCom Conference
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Lilis Energy Announces Appointment of Nicholas Steinsberger to Board of Directors
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Lilis Energy Appoints Ronald D. Ormand Chairman of the Board and Oil & Gas Veteran, R. Glenn Dawson, Joins Lilis’s Board as a Director
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Lilis Energy's Board of Directors Announces New Executive Management Appointments
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Nuno Brandolini and Robert Bell Join Lilis Energy's Board of Directors

