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 Oasis Petroleum (OAS) at Buy, Prcie Target $33
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UBS Maintains a 'Buy' on Hess Corp. (HES); Expands Bakken at Attractive Price
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FBR Capital Maintains an 'Outperform' on Newfield Exploration (NFX); Dinner with COO - Continued Comfort with Execution
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Plains All American Pipeline (PAA) Announces $210M Acquisition of Bakken Crude Oil Entities
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Williams (WMB) Announces $925M Acquisition of 85.8K Acres in the Bakken Oil Play
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Goldman Sachs reiterates a 'Buy' rating on QEP Resources (QEP); Not Well Known And Undervalued, With Liquids Upside in 2012
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Jefferies Raises Estimates and Price Target on Newfield Exploration (NFX), Maintains Buy Rating
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Barclays Maintains an 'Overweight' on Hess Corp (HES); Meeting Update
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Global Hunter Securities Boosts Price Target On Rosetta Resources (ROSE)
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FBR Capital Reiterates an 'Outperform' on Newfield Exploration (NFX); Multiple Expansion Potential High!
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Wells Fargo Downgrades Whiting Petroleum (WLL) to Market Perform; Bakken Has Operational Hurdles
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Wells Fargo Downgrades Oasis Petroleum (OAS) to Market Perform; Valuation Call
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UPDATE - UBS Downgrades Oasis Petroleum (OAS) to Neutral; Party Isn’t Over, But It’s Starting to Get Late
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Ticonderoga Securities maintains a 'Neutral' on Continental Resources (CLR); Analyst Day: Capex Rising to Fund the Growth
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Samson Oil & Gas (SSN) Updates on Select Operations
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Continental Resources (CLR) expects 30 percent rise in production
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Samson Oil & Gas (SSN) Board Approves Growth Initiatives, Capital Budgeting
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Canaccord Genuity Morning Coffee: Plains Exploration & Production (PXP) - No "Applause Now" Sign Needed
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Canaccord Genuity on Brigham Exploration (BEXP): Meanwhile in North Dakota...
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ONEOK Partners (OKS) Announces Bakken Shale Investment Plan; $300M - $355M by End of FY12
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ONEOK Partners (OKS) Announces Plan for Large Investment for Growth Projects in the Bakken Shale
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Samson Oil & Gas (SSN) Advises on Earl #1- 13H and Gary #1-24H Wells
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Kodiak Oil & Gas (KOG) Updates on Williston Basin Operating Activities; Frac Design Leads to Strong Results
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Wells Fargo Initiates Coverage on Oasis Petroleum (OAS) with an Outperform; Leading Bakken Leverage Well Funded, Oil Dominated Growth
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Resolute Energy Corp. (REN) Enters into Bakken Trend Development Agreement with Marathon Oil (MRO)
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Kodiak Oil & Gas (KOG) Closes on 28.75 Million Share Offering
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FBR Capital Maintains an 'Outperform' on Rosetta Resources (ROSE); Patience Should Be Well Rewarded
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Goldman Sachs Upgrades EOG Resources Inc. (EOG) to Conviction Buy List
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Canaccord Genuity Reiterates a 'Buy' on Whiting Petroleum (WLL); Raising Target on Solid Quarter
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UBS Maintains a 'Buy' on Hess Corp. (HES); Exploration Catalysts Approaching and AEZ Deal Boosts Bakken
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UBS Maintains a 'Neutral' on Basic Energy Svcs (BAS); Turning the Corner on Pricing
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Notable Mergers and Acquisitions of the Day 07/28: HES, COP, CASY, ADBE, HGRD
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Global Hunter Securities Initiates Coverage of Whiting Petroleum (WLL) with a Buy
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Global Hunter Securities Initiates Coverage of Brigham Exploration Co. (BEXP) with a Buy
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Hess (HES) Acquires American Oil & Gas (AEZ) In All Stock Deal
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UBS Initiates Coverage on Oasis Petroleum (OAS) with a 'Buy'; You’re My Wonder "Well"
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ONEOK Partners (OKS) Announces $730M in NGL Growth Plans
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Abraxas Petroleum (AXAS) Updates on Rocky Mountain, Permian Basin, and Canadian Operations
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FBR Capital Reiterates an 'Outperform' on Newfield Exploration (NFX): Execution Remains on Track; Bakken Surprising to the Upside
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Unit Corp. (UNT) Updates on Natural Gas and Oil Segment Operations
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Allis-Chalmers (ALY) Announces $17.2M Cash and 1M Stock Acquisition of American Well Control
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Continental Resources (CLR) Increases CapEx to $1.3B, Amends Restated Credit Agreement
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GeoResources (GEOI) Updates on Ops at Several Locations
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Northern Oil and Gas (NOG) Amends Updates on Ops at Williston Basin Bakken and Three Forks Prospects
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Notable Mergers and Acquisitions of the Day 07/06: PTEN/KEG, CLNE, GBE
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Patterson-UTI Energy (PTEN) Announces $237.7M Asset Acquisition from Key Energy (KEG)
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Canaccord Genuity Initiates Coverage on Abraxas Petroleum (AXAS) with a Buy; A Bakken Sleeper, But Not for Long
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U.S. Energy (USEG) Updates on Several Oil & Gas Drilling Programs
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Samson Oil & Gas (SSN) Announces Successful Drilling of Gary #1-24H Well in North Dakota
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Credo Petrol (CRED) Updates on Bakken Drilling Activities

