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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Tesoro Closes Acquisition of Logistics Assets in the Williston Basin of North Dakota
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Tesoro Petroleum (TSO) to Acquire Great Northern Midstream
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Tesoro to Acquire Strategic Logistics Assets in the Bakken
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Seaport Global Securities Starts Tesoro Logistics (TLLP) at Accumulate
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Tesoro Logistics L.P (TLLP) Launches Binding Open Season
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Global Partners (GLP) Enters Pipeline Agreement with Tesoro Logistics (TLLP)
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Barclays Maintains an 'Overweight' on Tesoro Logistics (TLLP); Moves to Support Growth
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Barclays Maintains an 'Overweight' on Tesoro Logistics (TLLP); Raising PT & Estimates
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Barclays Maintains an 'Overweight' on Tesoro Logistics (TLLP); Solid Growth Visibility from Organic Projects and Dropdowns
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UPDATE - Barclays Initiates Coverage on Tesoro Logistics (TLLP) with an Overweight; Initiate Bakken & Drop Down Play
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Wells Fargo Starts Tesoro Logistics (TLLP) at Outperform; Visible Growth Tied To Organic Initiatives And Drop-Downs

