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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Jefferies Lifts PT on Continental Resources (CLR) as Bakken Shows Promise
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Canaccord Genuity Starts Emerald Oil (EOX) at Buy
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Continental Resources (CLR) Issues Five-Year Growth Plan
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Global Partners (GLP) Signs $80M Agreement to Acquire Majority Interest in Basin Transload
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Halcon (HK) Issues Update on Ops; Will Divest Eagle Ford Property
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Canaccord Genuity Rates Oasis Petroleum (OAS) at Buy, $41 NAV
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Canaccord Genuity Starts Magnum Hunter (MHR) at Buy, Strong Asset Base
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Canaccord Genuity Rates Kodiak Oil & Gas (KOG) at Hold, Stock Close to NAV
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UPDATE: Canaccord Genuity Starts Halcon Resources (HK) at Buy, CEO Wilson is a Winner
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Magellan Petroleum (MPET) CEO Issues Shareholder Letter; Offers Strategy for FY13
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Williston Basin Stocks Could Be 'In Play' After Exxon Mobil's (XOM) Big Deal
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Notable Mergers and Acquisitions of the Day 09/20: (XOM)/(DNR) (WTI)/(NFX) (VCLK)
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Pre-Open Movers 9/20: (APOG) (DNR) (AIR) Higher; (ASTI) (NSC) (IHS) Lower (more...)
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Denbury (DNR) to Sell Bakken Assets in $1.6B Deal with Exxon Mobil (XOM)
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Kodiak Oil & Gas (KOG) Updates on Ops in Several Regions
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ONEOK Partners (OKS) to Hold 'Open Season' for Bakken Crude Express Pipeline
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Notable Mergers and Acquisitions of the Day 09/17: (WCN) (LOW) (DHR)/(IRIS) (ODP)
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Waste Connections (WCN) to Acquire R360 Environmental Solutions in $1.3B Deal
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Heckmann (HEK) Continues Ripping Following Smart Fluid Management Acquisitions
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Wedbush Upgrades Heckmann Corporation (HEK) to Neutral; Power Fuels Appears Financially Attractive
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Goldman Sachs Starts Northern Teir Energy Inc (NTI) at Buy; First of its Kind
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Heckmann (HEK) to Acquire Badlands Energy's Power Fuels Unit in Cash, Stock Deal
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UPDATE: Barclays Upgrades WPX Energy (WPX) to Overweight; Strong Bakken Values
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Goldman Sachs Starts Magnum Hunter (MHR) at Neutral
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Gabelli Upgrades Black Hills Corp (BKH) to Buy; Selling Bakken as Three Folks Assets for $243M
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Unit Corporation (UNT) to Sell Non-Core Oil & Natural Gas Assets for $268M
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Canaccord Genuity Maintains a 'Buy' on Continental Resources (CLR); Raising PT on Stronger Bakken Production
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Canaccord Genuity Reiterates a 'Buy' on Bill Barrett (BBG); Underappreciated Shift Toward Oil
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Oppenheimer Maintains an 'Outperform' on EOG Resources (EOG); Raising PT on Production Growth
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Dahlman Rose Starts Northern Teir Energy Inc (NTI) at Buy
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Global Hunter Securities Downgrades Voyager Oil & Gas (VOG) to Neutral
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VAALCO Energy (EGY) Updates on Recent Ops; Commences Drilling at EPU #133H, Finds Buyers for Angola Assets
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Notable Mergers and Acquisitions of the Day 07/19: (SBGI) (TTI) (TARO) (ORCL)
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TETRA Tech (TTI) to Acquire Greywolf Production Systems in $55.5M Deal
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Voyager Oil & Gas (VOG) Says Q2 Production Up 40% from Q1, In-Line with Projections
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Deutsche Bank Upgrades Marathon Oil (MRO) to Buy; Valuation Call
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Canaccord Genuity Reiterates a 'Buy' on Rosetta Resources (ROSE); NGL Weakness Priced In; Greater Oil Emphasis Isn't
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Goldman Sachs Resumes Norfolk Southern (NSC) at Buy
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Notable Mergers and Acquisitions of the Day 07/10: (DRH) (MBND) (VOG)
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Voyager Oil & Gas (VOG) to Acquire Emerald Oil in ~$40M Deal
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Canaccord Genuity Reiterates a 'Buy' on Triangle Petroleum (TPLM); Bakken Accelerating; Possible Two Well Catalyst
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Barclays on Energy: Highlights From Meeting with ONEOK Management - Is Production Really Declining?
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Canadian Pacific (CP) Enters Frac Sand Transportation Agreement with U.S. Silica (SLCA)
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Pre-Open Winners 6/15: (YPF) (LNG) (NAV) (more...)
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GMX Resources (GMXR) Completes Sixth Well at Sections 4&9 Township 146N Range 99W
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Canaccord Genuity Reiterates a 'Buy' on Triangle Petroleum (TPLM); Remains a 'Favorite Idea'
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Jefferies Upgrades Continental Resources (CLR) to Buy
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ONEOK (OKE) Sees Stronger Growth in 2012 - 14; Looks for 40% Increase in Dividend
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Magnum Hunter (MHR) Closes $311M Williston Basin Acqusition
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Barclays Excited About Tesoro Corp (TSO); Offers Very Attractive Buying Opportunity

