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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Hess (HES) Plans Transition Into Pure-Play E&P Firm; Names 5 Board Nominees
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Global Hunter Securities Downgrades Hess Corp. (HES) to Accumulate
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Elliott Management Lists Nominess for Hess Corp's (HES) Board
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Hess (HES) Receives Hart-Scott-Rodino Notification Notice from Elliott Associates
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Hess Corp (HES) Cuts CapEx 18% for FY13
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UPDATE - Barclays Downgraded Hess Corp. (HES) to Equalweight; Prefers SU & IMO
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UPDATE - Global Hunter Securities Initiates Coverage on Hess Corp (HES) with a Neutral; Lots of Activity at Big Three Shales, Largely Delineation
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Hess Corp (HES) Expects CapEx of $6.8B for FY12
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UBS Maintains a 'Buy' on Hess Corp. (HES); Q3 Results Disappoint; Awaiting 4Q11-1H12 Catalysts
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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 Hess Corp. (HES); Management Visit Highlights: Ghana Is Promising + Improving Bakken Productivity
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Canaccord Genuity Morning Coffee on Hess (HES): Drill Baby, Drill
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Hess Corp. (HES) Completes $1.05B Bakken Property Acquisition
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Hess Corp. (HES) Completes Acquisition of American Oil & Gas
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UBS Maintains a 'Buy' on Hess Corp. (HES); Expands Bakken at Attractive Price
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Barclays Maintains an 'Overweight' on Hess Corp (HES); Meeting Update
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UBS Maintains a 'Buy' on Hess Corp. (HES); Exploration Catalysts Approaching and AEZ Deal Boosts Bakken
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Notable Mergers and Acquisitions of the Day 07/28: HES, COP, CASY, ADBE, HGRD
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Hess (HES) Acquires American Oil & Gas (AEZ) In All Stock Deal
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Benckmark Downgrades Hess Corp (HES) to Sell; Valuation Concerns

