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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Hertz (HTZ) Acquires WGI Rentals
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Samson Oil & Gas (SSN) to Expand Bakken Holdings
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Canaccord Genuity Assumes Coverage on Triangle Petroleum (TPLM) at Buy; Bakken Province Secured; Focused on First Operated Well
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Kodiak Oil & Gas (KOG) Lowers Williston Basin Production Outlook, Updates on Ops
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Canaccord Genuity Maintains a 'Buy' on Voyager Oil & Gas (VOG); Compelling Bakken Valuation
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Ticonderoga Downgrades Whiting Petroleum (WLL) to Neutral; Bakken Backlog Lowers 2011 Production Guidance
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Wells Fargo Upgrades Oasis Petroleum (OAS) to Outperform; Reading The Market Tea Leaves And Buying The News
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UPDATE - Barclays Initiates Coverage on Tesoro Logistics (TLLP) with an Overweight; Initiate Bakken & Drop Down Play
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Barclays Maintains an 'Overweight' on Hess Corp. (HES); Management Visit Highlights: Ghana Is Promising + Improving Bakken Productivity
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Global Hunter Securities Upgrades Whiting Petroleum (WLL) to Accumulate; Not All Acreage is Created Equal
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Global Hunter Securities Upgrades Kodiak Oil & Gas (KOG) to Accumulate; Not All Acreage is Created Equal
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Global Hunter Securities Upgrades GeoResources (GEOI) to Accumulate; Not All Acreage is Created Equal
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Samson Oil & Gas (SSN) Updates on Select North Dakota, Wyoming Plays
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Samson Oil & Gas (SSN) Is Now Debt Free; Updates on Certain Operations
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VAALCO (EGY) Acquires Bakken Acreage in Montana
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Wells Fargo Starts Tesoro Logistics (TLLP) at Outperform; Visible Growth Tied To Organic Initiatives And Drop-Downs
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Samson Oil & Gas (SSN) Issues Operational Update; Everett #1-15H at Depth Shorter than Planned
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Notable Mergers and Acquisitions of the Day 05/23: (NATI) (KOG) (CFSG)
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Kodiak Oil & Gas (KOG) to Acquire Williston Basin Assets in $85.5M Transaction
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Global Hunter Securities Starts US Energy Corp. (USEG) at Buy; A Buy in the Bakken
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Global Hunter Securities Cuts Price Target on Northern Oil and Gas (NOG); Stunted Growth
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TD Newcrest Upgrades Baytex Energy (BTE) to Buy; Q1/11: Production In-Line CFPS Short - Outlook Unchanged
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Canaccord Genuity Reiterates a 'Buy' on Northern Oil and Gas (NOG); Reiterating Oversold Thesis
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Canaccord Genuity Reiterates a 'Buy' on Voyager Oil & Gas (VOG); Reaffirms 2011 Guidance
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Canaccord Genuity Reiterates a 'Hold' on GMX Resources (GMXR); Preparing for Rockies Debut
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Barclays on U.S. Oil & Gas: E&P (Mid-Cap): 1Q11 Review
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Canaccord Genuity Maintains a 'Buy' on Magnum Hunter (MHR); Reiterating Our Attractively Priced Growth Thesis
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Canaccord Genuity Reiterates a 'Buy' on Abraxas Petroleum (AXAS); Transformational Catalysts Are In Sight
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Global Hunter Securities Upgrades Quicksilver Resources (KWK) to Buy; Going with the Flow, KWK Adds Oil Acreage
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Global Hunter Securities Reiterates a 'Buy' on Rosetta Resources (ROSE); Take Off Your ROSE Colored Glasses
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Global Hunter Securities Maintains a 'Neutral' on Kodiak Oil & Gas (KOG); Q1 Review
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FBR Capital Reiterates an 'Outperform' on Rosetta Resources (ROSE); Southern Alberta Bakken; Risk Reward Profile Gets Better
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Canaccord Genuity Upgrades Continental Resources (CLR) to Buy; on Valuation, Bakken Execution/Extension
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Ticonderoga Maintains a 'Buy' on Continental Resources (CLR); First Look—1Q Results Reaffirm Strong Growth Outlook, Superior Profitability
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McNicoll Lewis & Vlak Starts GMX Resources (GMXR) at Buy, $7.50 Price Target
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Canaccord Genuity Reiterates a 'Buy' on Voyager Oil & Gas (VOG); Announces Encouraging Update
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Kodiak Oil & Gas (KOG) Issue Interim Update; Increases Borrowing Base 50% to $75M
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Brigham Exploration (BEXP) Updates on Flow Backs for Two Montana, North Dakota Wells
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Barclays on U.S. Oil & Gas: E&P (Mid-Cap): Upgrades DNR, Downgrades KWK
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Credit Suisse Cuts Estimates & Raises Price Target on GMX Resources (GMXR) Following Two Acquisitions
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Global Hunter Securities Downgrades Whiting Petroleum (WLL) to Neutral
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Global Hunter Securities Downgrades GeoResources (GEOI) to Neutral
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Global Hunter Securities Downgrades Continental Resources (CLR) to Accumulate
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Canaccord Genuity Reiterates a "Buy/Top Pick' rating on EOG Resources (EOG); Highlights From Management Meeting
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UPDATE: Credit Suisse Downgrades Complete Production Services (CPX) to Neutral
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Northern Oil and Gas (NOG) Issues Production Outlook for FY11
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Global Hunter Securities Reiterates a 'Buy' on Triangle Petroleum (TPLM); Winning in the Bakken
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Samson Oil & Gas (SSN) Reports Slower, Yet Satisfactory, Ops at Rodney #1-14 Well
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Credit Suisse Maintains an 'Outperform' on Denbury Resources (DNR); Lift Forecasts on Higher Oil Deck
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UPDATE - Global Hunter Securities Upgrades Continental Resources (CLR) to Buy; Mo' Money for Mo' Drilling

