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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Canaccord Genuity Reiterates a 'Buy' on Oasis Petroleum (OAS); Improved Well Design Should Drive NAV Accretion in 2011
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TD Newcrest Downgrades Baytex Energy (BTE) to Hold; Q4 Results In Line, YE 2010 Reserves Higher Than Forecast
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FBR Capital Upgrades Bronco Drilling (BRNC) to Outperform
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UPDATE: Credit Suisse Starts ONEOK Partners (OKS) at Neutral, Price Target $85
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Global Hunter Securities Upgrades Magnum Hunter (MHR) to Buy
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Barclays Maintains an 'Equalweight' on Enbridge Energy Partners (EEP); Balanced Growth in Oil and Gas, but Rising Maintenance Costs Could Temper Growth
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Canaccord Genuity Reiterates a 'Buy' on Northern Oil and Gas (NOG); The Bakken’s Non-op "Pac-Man" Continues to Gobble Up Acreage
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Jefferies Raises Price Target & Estimates on St. Mary's (SM), Maintains Hold Rating
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Ticonderoga Maintains a 'Buy' on Continental Resources (CLR); Raises 2011 Production and CAPEX Guidance Behind Equity Offering
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Notable Mergers and Acquisitions of the Day 02/28: VTR/NHP, CXO/LINE
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UPDATE - Global Hunter Securities Upgrades Brigham Exploration (BEXP) to Accumulate; Bakken Bulls Get the Horns...Hook 'em BEXP
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LINN Energy (LINE) Makes $434M in New Oil Acquisitions
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Concho Resources (CXO) Announces $196M Sale of North Dakota Bakken Assets (LINE)
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Global Hunter Securities Downgrades Continental Resources (CLR) to Neutral; Valuation Call
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Ticonderoga Reiterates a 'Buy' on Whiting Petroleum (WLL); Reserves Increase 11% - Bakken Continues to Drive Growth
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Ticonderoga Raises Numbers on Continental Resources (CLR); Growth & Profitability Increasing Value for Shareholders
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Ticonderoga on Oil & Gas: Earnings Results Thus Far Give Strong Read-Through for Buy-Rated CLR & WLL
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QEP Resources (QEP) Updates on FY10 Production; Affirms FY11 Production Outlook
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Canaccord Genuity Reiterates a 'Buy' on Magnum Hunter (MHR); Reaffirms 2011 Projections; Thesis Remains Intact
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Canaccord Genuity Maintains a 'Buy' on EOG Resources (EOG); Raising PT on Eagle Ford Production Momentum
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Jefferies Raises Price Target on Pioneer Drilling Co. (PDC), Maintains Buy Rating
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UPDATE - Canaccord Genuity Upgraded Newfield Exploration (NFX) to Buy; Recent Underperformance Represents Solid Entry Point
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Credit Suisse Increases Price Target on Plains All American (PAA), Maintains Outperform Rating
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Jefferies Raises Price Target & Estimates on Patterson-UTI Energy (PTEN), Maintains Buy Rating
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Canaccord Genuity Reiterates a 'Buy' on Abraxas Petroleum (AXAS); Announces 2011 Guidance
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GMX Resources (GMXR) Announces $200M Private Senior Note Offering
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Canaccord Genuity Reiterates a 'Buy' on Magnum Hunter (MHR); Stage Set For Outperformance
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Canaccord Genuity Reiterates a 'Buy' on Magnum Hunter (MHR); Another Accretive Deal, Completes Resource Trifecta
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FBR Capital - E&P Trader: Permian Assets to Remain in Focus
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Unusual 11 Mid-Day Movers 01/11: EEE, FFHL, SYPR, ININ, ROIAK, CRED Higher; CNST, TSTC, TLB, TUES, CKSW Lower
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Credo Petrol (CRED) Updates on Bakken Dilling Activities
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Canaccord Genuity Morning Coffee on Hess (HES): Drill Baby, Drill
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Wells Fargo Downgrades Newfield Exploration (NFX) to Market Perform; Valuation Call
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Global Hunter Securities Reiterates a 'Buy' on GeoResources (GEOI); Spinning the bit in the Bakken and Eagle Ford Shales
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Abraxas (AXAS) Issues Operational Update
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KeyBanc Raises PT on Rosetta Resources (ROSE); Attractive Valuation with Oily Transition
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Resolute Energy (REN) Updates on Bakken Trend
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Notable Analyst New Coverage 12/31: EJ, KOG, CRIC, NOG
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Global Hunter Securities Starts Northern Oil and Gas (NOG) at Neutral; An ETF-like Vehicle of the Bakken
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Global Hunter Starts Voyager Oil & Gas (VYOG) at Neutral, $5.25 Price Target
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Global Hunter Securities Starts Triangle Petroleum (TPLM) at Buy; New Kid on the Bakken
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Global Hunter Starts Kodiak Oil & Gas (KOG) at Neutral
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Hess Corp. (HES) Completes $1.05B Bakken Property Acquisition
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Susquehanna Raises Price Target on Occidental Petroleum (OXY), Maintains Positive Rating
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Needham & Company Reiterates a 'Buy' on Abaxis (ABAX); Focused on Portfolio Optimization
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Wells Fargo Starts Kodiak Oil & Gas (KOG) at Outperform; Impressive Production Ramp Looming
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Hess Corp. (HES) Completes Acquisition of American Oil & Gas
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Goldman Expects Big Things With Occidental Petroleum (OXY) New Moves
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Brigham Exploration (BECP) Completes Five High-Rate Bakken Wells; Updates on Other Ops
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Barclays on North America Oil & Gas E&P: Niobrara Oil Shale - Near-Term Catalysts

