How much recoverable oil does the Bakken Formation have? The most recent estimate of proved reserves is just under 6 billion barrels for the entire Williston Basin, which includes the Bakken, and another 3.5 billion to 4.1 billion barrels of “undiscovered and technically recoverable” oil. 393 more words
Tags » Bakken Formation
By Lynn Doan
The oil boom isn’t dead after all.
For the first time in five months, a rig in the Williston Basin, where North Dakota’s Bakken shale formation lies, sputtered back to life and started drilling for crude once again. 477 more words
BAKER, Mont. – U.S. President Barack Obama’s claims about the long-delayed Keystone XL pipeline have been raising eyebrows lately in this tiny oil-industry town in eastern Montana. 704 more words
Calgary junior producer DeeThree Exploration Ltd. says it is splitting itself into two solid-sounding independent oil-weighted companies: Boulder Energy Ltd. and Granite Oil Corp.
In a surprise news release Tuesday after markets closed, the company said Boulder would be a growth-oriented entity built on DeeThree’s Belly River development in the Pembina-Brazeau area of west-central Alberta, while Granite would be a dividend-and-growth company centred on its Alberta Bakken enhanced oil recovery project near the Montana border in southern Alberta. 413 more words
Shares of Calgary junior producer DeeThree Exploration Ltd. have risen to their loftiest heights of the year after it announced promising results from a southern Alberta Bakken oil well being developed with a natural gas injection enhanced oil recovery scheme. 604 more words