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 Starts Triangle Petroleum (TPLM) at Hold; Emerging Bakken Operator; Waiting for Operated Results
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Barclays Reiterates an 'Overweight' on Newfield Exploration (NFX); Defers Bakken Completions to 2012; Shares Underperform by 15%
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Morning Movers 10/21: (STX) (SYNA) (PGI) (LPL) Higher; (APKT) (CALX) (CPHD) Lower
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Jefferies Slashes Price Target on Newfield Exploration (NFX) by 36% Following Q3 Performance
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Global Hunter Securities Downgrades Kodiak Oil & Gas (KOG) to Neutral; If You Build It, They Will Come...But At What Price?
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Notable Mergers and Acquisitions of the Day 10/17: (KMI)/(EP) (ANDS) (STO)/(BEXP) (AGP)/(ETP)
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MDU Resources (MDU) Sees Q3, FY11 EPS Below Views
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Statoil (STO) to Acquire Brigham Exploration (BEXP) for $36.50/Share; Deal Valed at $4.4B
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Canaccord Genuity maintains a 'Buy' on EOG Resources (EOG); Liquids Growth on Track; Potential Value Uplift from Improving Price Realizations
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Continental Resources (CLR) Expects to Achieve Upper-End of FY11 Growth Outlook
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Benchmark Upgrades Marathon Oil (MRO) to Hold; Valuation and Increased Net Asset Value
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Bakken Play, Refocused Efforts Make Whiting Petroleum (WLL) a Steal - Cramer
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Barclays Maintains an 'Overweight' on ONEOK Partners (OKS); Raising PT Post Investor Conference
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Veresen, Enbridge (ENB) to Commence Nat Gas Pipeline Production in Bakken Region
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Cramer: Continental Resources (CLR) is 'Too Cheap' Given Opportunity
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Jefferies Starts Oasis Petroleum (OAS) at Buy
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Global Hunter Securities on Exploration & Production: Bakken Bits V: You Want Oil Growth? Here You Go
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Canaccord Genuity reiterates a 'Buy' on Continental Resources (CLR); Raising PT on Higher H2/11 Oil Production Outlook
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Canaccord Genuity Assumes Coverage on Voyager Oil & Gas (VOG) at Buy; High-Beta Play for Second-Half Bakken Bounce Back
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Canaccord Genuity Assumes Coverage on Oasis Petroleum (OAS) at Buy; Positioning Asset Base to Accelerate Growth in 2012
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Canaccord Genuity Assumes Coverage on Northern Oil and Gas (NOG) at Buy; Expecting Blowout H2/11 from Accelerated Bakken Activity
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Canaccord Genuity Maintains a 'Buy' on Triangle Petroleum (TPLM); Expecting Blowout H2/11 from Accelerated Bakken Activity
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Wells Fargo Upgrades Enbridge Energy Partners (EEP) to Outperform; Recent Market Weakness Provides An Attractive Entry Point
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Barclays on North America E&P (Large Cap): Sept. Energy Conference Preview - Producers Remain Bullish on No. America
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Canaccord Genuity Maintains a 'Buy' on Newfield Exploration (NFX); Adding to Top Picks; Value Gap to Close with Continued Execution
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Canaccord Genuity Reiterates a 'Buy' on Triangle Petroleum (TPLM); Pounding Table on Valuation: Path is Clear
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Benchmark Upgrades Hess Corp. (HES) to Buy; Potential Continuation of Favorable Early Drilling Results
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Barclays Maintains an 'Overweight' on Tesoro Logistics (TLLP); Solid Growth Visibility from Organic Projects and Dropdowns
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Canaccord Genuity on Energy: Oil and Gas, Exploration and Production - Q2/11 E&P Recap
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Global Hunter Securities Reiterates a 'Buy' on Rosetta Resources (ROSE); Eagle Fordable: Gates Ranch Keeps Getting Better
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Global Hunter Securities Maintains a 'Buy' on Magnum Hunter (MHR); Tri-fecta in Place - Eagle Ford, Bakken and Marcellus Shales
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Global Hunter Securities Upgrades Brigham Exploration (BEXP) to Buy; Beating the Bakken with Brigham
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UPDATE - Global Hunter Securities Upgraded Northern Oil and Gas (NOG) to Accumulate; Focused, Funded and Executing
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Canaccord Genuity Reiterates a 'Buy' on Oasis Petroleum (OAS); Looking Past H1/11 Delays; Stage is Set for 2012 Growth
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Canaccord Genuity Reiterates a 'Buy' on Northern Oil and Gas (NOG); 2012 Production and Cash Flow to Narrow Asset Valuation Gap
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Canaccord Genuity Reiterates a 'Buy' on Continental Resources (CLR); Continued Bakken/Cana Execution and Delineation
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Global Hunter Securities Upgrades Continental Resources (CLR) to Buy
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ConocoPhillips (COP) to Acquire 46K Acres from Lario Oil & Gas Company
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UBS maintains a 'Neutral' on ConocoPhillips (COP); Q2 Beats but Headwind from Spinoff Value
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Canaccord Genuity Reiterates a 'Buy' on Magnum Hunter (MHR); 2011 Analyst Day Take-aways
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KeyBanc Raises Price Target on Kodiak Oil & Gas (KOG) Financially Secure Following Stock Offering
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Barclays Maintains an 'Overweight' on Tesoro (TSO); Anacortes Rail Facility Project To Supply Bakken Crude
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VAALCO Energy (EGY) Signs Letter of Intent with Magellan Petroleum (MPET)
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Dahlman Rose Starts Stone Energy (SGY) at Buy; Shelf Operator with Exploration Opportunities Flying Under Radar
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Dahlman Rose Starts Rosetta Resources (ROSE) at Buy; Eagle Ford Shale Production Expected to More Than Double in 2011
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Barclays on North America Oil & Gas: E&P (Large Cap): 2Q Preview and Potential Catalysts
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Canaccord Genuity Assumes Coverage on Abraxas Petroleum (AXAS) at Buy; Bakken Development Plans in Focus After Portfolio Update
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Jefferies Raises Price Target on St. Mary's (SM), Forecasts Strong 2012 Growth
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Abraxas (AXAS) Updates on Operations
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Boenning & Scattergood Upgrades Whiting Petroleum (WLL) to Outperform; Proven Reserve

