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Keyword: bakken

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  • North Dakota economy booms,population soars(Wanna see what tapping our own oil reserves will do 4U?)

    03/17/2011 9:21:27 AM PDT · by bestintxas · 7 replies
    lucianne ^ | 3/17/11 | Dennis Cauchon
    North Dakota, the state with the nation's lowest unemployment rate, capped a decade of economic prosperity with dramatic population growth in its biggest cities. North Dakota's low unemployment rate and steady housing market helped towns like Fargo, pictured, grow dramatically. Fargo added nearly 15,000 residents to hit a record population of 105,549, the Census Bureau reported Wednesday. Its fast-growing neighbor of West Fargo added an additional 11,000 residents to reach a population of 25,830. Fargo has seen steady growth over the decade — the housing boom missed it — to reach a size that surprised city officials. "Above 100,000? Wow....
  • Why North Dakota Is Booming

    03/15/2011 8:20:03 AM PDT · by Tom Rounder · 47 replies
    New Geography ^ | 3-14-11 | Joel Kotkin
    Living on the harsh, wind-swept northern Great Plains, North Dakotans lean towards the practical in economic development. Finding themselves sitting on prodigious pools of oil—estimated by the state's Department of Mineral Resources at least 4.3 billion barrels—they are out drilling like mad. And the state is booming. Unemployment is 3.8%, and according to a Gallup survey last month, North Dakota has the best job market in the country. Its economy "sticks out like a diamond in a bowl of cherry pits," says Ron Wirtz, editor of the Minneapolis Fed's newspaper, fedgazette. The state's population, slightly more than 672,000, is up...
  • Billions of barrels of untapped U.S. Oil

    03/09/2011 12:57:59 PM PST · by Brad from Tennessee · 67 replies
    CNNMoney.Com ^ | March 9, 211 | By Steve Hargreaves
    HOUSTON (CNNMoney) -- In the grasslands of western North Dakota, one of the country's richest oil men is using a controversial gas drilling technology to develop what could be the biggest domestic oil discovery in the last 40 years. The oil lies underground in a shale rock formation stretching across western North Dakota, northeast Montana, and into Canada's Saskatchewan Provence known as the Bakken. EIA thinks it will produce 350,000 barrels a day by 2035, but most analysts think that estimate is far too low. . .
  • A Shale Of A Difference

    02/17/2011 5:26:09 PM PST · by Kaslin · 16 replies
    IBD Editorials ^ | February 17, 2011 | Staff
    Energy: The brightest hope for America's energy independence has been shut down by an Interior Department that says it wants to review the rules for leases. It really wants to kill off oil altogether. The game is this: Say that you want to find domestic oil and gas in a "smart" way, so you have to study things for a while. Then let enviros tie you up in court to block what you really don't want to do anyway, increase America's supply of domestic energy, keeping jobs and money here. On Tuesday, Interior Secretary Ken Salazar announced that the Obama...
  • Continental: Bakken's giant scope underappreciated

    02/17/2011 9:26:20 AM PST · by ckilmer · 6 replies
    Oil & Gas Journal ^ | By OGJ editors
    Print Email Save Share Continental: Bakken's giant scope underappreciated Feb 16, 2011 By OGJ editors HOUSTON, Feb. 16 -- The Bakken play in the Williston basin could become the world’s largest discovery in the last 30-40 years, a senior manager at Continental Resources Inc. said Feb. 16. Ultimate recovery from the overall play is now estimated at 24 billion bbl of oil, compared with US reserves of nearly 20 billion bbl, he told the NAPE Expo in Houston. The 24 billion bbl figure is five times the US Geological Survey’s 2008 estimate and compares with the 151 million bbl the...
  • Continental: Bakken's giant scope underappreciated {Oil Shale}

    02/17/2011 8:55:05 AM PST · by thackney · 35 replies
    Oil & Gas Journal ^ | Feb 16, 2011 | OGJ editors
    The Bakken play in the Williston basin could become the world’s largest discovery in the last 30-40 years, a senior manager at Continental Resources Inc. said Feb. 16. Ultimate recovery from the overall play is now estimated at 24 billion bbl of oil, compared with US reserves of nearly 20 billion bbl, he told the NAPE Expo in Houston. The 24 billion bbl figure is five times the US Geological Survey’s 2008 estimate and compares with the 151 million bbl the survey put forth as recently as the mid-1990s, said Jack Stark, Continental senior vice-president, exploration (OGJ, Apr. 21, 2008,...
  • New Drilling Method Opens Vast U.S. Oil Fields

    02/16/2011 1:14:34 PM PST · by george76 · 43 replies
    ap ^ | February 10, 2011
    A new drilling technique is opening up vast fields of previously out-of-reach oil in the western United States, helping reverse a two-decade decline in domestic production of crude. Companies are investing billions of dollars to get at oil deposits scattered across North Dakota, Colorado, Texas and California. By 2015, oil executives and analysts say, the new fields could yield as much as 2 million barrels of oil a day -- more than the entire Gulf of Mexico produces now. ... In the Bakken formation, production is rising so fast there is no space in pipelines to bring the oil to...
  • Concho Resources, JinkoSolar Lead IBD 50’s 4 Energy Stocks

    02/13/2011 8:45:51 AM PST · by Slyscribe · 1 replies
    IBD's Capital Hill ^ | 2/12/2011 | Ed Carson
    Oil prices have come off recent highs, but remain above $85 a barrel. That provides plenty of margin for domestic oil plays Concho Resources (CXO) and Northern Oil & Gas (NOG). Chinese solar products maker JinkoSolar(JKS) likely delivered another of triple-digit profit and sales growth. El Paso Pipeline Partners (EPB) has enjoyed solid growth amid relatively low natural gas prices. All four are part of the IBD 50, the high-powered list of superior stocks based on fundamental and technical factors.
  • New drilling method opens vast oil fields in US

    02/10/2011 11:22:08 AM PST · by Weird Tolkienish Figure · 60 replies
    A new drilling technique is opening up vast fields of previously out-of-reach oil in the western United States, helping reverse a two-decade decline in domestic production of crude.
  • New permit record 1,676 oil, gas drilling permits issued in 2010

    01/05/2011 5:03:33 AM PST · by upsdriver · 22 replies
    MinotDailyNews.com ^ | January 5, 2011 | By ELOISE OGDEN, Regional Editor
    BISMARCK - North Dakota's oil patch is setting more records with 1,676 new permits issued for oil and/or gas wells drilling in calendar year 2010, according to Bruce Hicks, assistant director of the N.D. Oil and Gas Division in Bismarck. That is more than 1,000 permits more than were issued in calendar year 2009 when 623 permits were issued. In 2008, the division issued 1,043 permits. The previous record was set in calendar year 1981 when 1,098 permits were issued, Hicks said Tuesday. "It appears 2011 will set another permitting record," Hicks said. "It is anticipated that between 160 to...
  • APNewsBreak: ND oil patch may double production

    01/02/2011 5:10:05 PM PST · by Titus-Maximus · 84 replies
    Yahoo Finance ^ | 1/2/2011 | James Macpherson
    APNewsBreak: ND oil patch may double production APNewsBreak: Officials say North Dakota's oil patch poised to double production ap * Share * retweet * Email * Print James Macpherson, Associated Press, On Sunday January 2, 2011, 3:30 pm EST BISMARCK, N.D. (AP) -- Government and industry officials believe North Dakota's oil patch contains more than twice the amount of oil previously estimated and that the state's already record crude production will double within the decade. If the forecast is correct, North Dakota could leapfrog in a few years from the fourth-biggest oil producing state to No. 2, trailing only Texas....
  • Drill, North Dakota, Drill

    10/11/2010 5:16:10 PM PDT · by Kaslin · 23 replies
    IBD Editorials ^ | October 11, 2010 | Investors Business Daily staff
    Recovery: While states like Nevada wallow in recession, tiny North Dakota becomes the first state rated as expanding by a leading service. Could it be the state's burgeoning energy industry? The recession — induced by Democrats and activists meddling in the housing market through the Community Reinvestment Act and then whistling past the bad-loan graveyard of Fannie Mae and Freddie Mac — officially ended in June 2009, according to the National Bureau of Economic Research. For much of the country, mired in a jobless recovery with job losses so great and prospects so bleak that it will take decades just...
  • Montana Gets Second Chance at Bakken Oil

    09/22/2010 9:48:21 AM PDT · by thackney · 11 replies
    Big Sky Business Journal ^ | Sept 22, 2010 | Evelyn Pyburn
    Even though it hovers at the western edge of the Bakken, Baker, Montana is being focused upon as “the hub of the Williston Basin.” Baker is where oil companies are headquartering and where pipelines are intersecting. What’s happening in the Bakken and the resurgence of eastern Montana oil fields dominated much of the discussion at the recent Montana Petroleum Association (MPA) Conference in Billings. “The whole industry has sparked up,” said Dave Galt, MPA Executive Director, because of ever improving technology that allows more production from wells once considered depleted. The industry is once again, “interested in investing in Montana,”...
  • Enbridge to expand Bakken Pipeline

    08/26/2010 10:12:20 AM PDT · by thackney · 6 replies
    Calgary Herald ^ | August 24, 2010 | Dina O'Meara
    Enbridge plans to expand its Montana to Saskatchewan light oil pipeline to accommodate growing production from prolific Bakken and Three Forks formations, the Calgary-based company said Tuesday. The $543 million project, forwarded by affiliates Enbridge Energy Partners on the U.S. side and Enbridge Income Trust in Canada, will boost volume on the line by 145,000 barrels per day to 325,000 bpd. Burgeoning production from the light sweet crude play prompted the latest expansion of the Bakken pipeline, which runs from Montana, through North Dakota, into Saskatchewan to Cormer, Manitoba. "We are confident that this series of expansions will relieve much...
  • North Dakota No. 3 for drilling

    07/31/2010 9:49:35 AM PDT · by thackney · 34 replies
    The Calgary Herald ^ | July 31, 2010 | Herald News Services
    North Dakota overtook Oklahoma this week as the third most active state in drilling for oil and natural gas, according to data published by Baker Hughes Inc. The number of North Dakota rigs exploring for and producing oil and gas jumped by two to 128, Baker Hughes said. Oklahoma fell by nine to 123, the biggest drop among the states. Oklahoma is home to the oil delivery hub for the U.S. Midcontinent. Drilling in the Bakken Shale in North Dakota's Williston Basin helped make the state the fourth-largest oil producer as of March.
  • The Silence of Crickets Over the Bakken Formation

    05/02/2010 9:58:16 AM PDT · by Whenifhow · 56 replies · 1,297+ views
    NoisyRoom.net ^ | 5-2-2010 | Terresa Monroe-Hamilton
    Very little has been written about the Bakken Formation and the rich oil reservoir just beneath it in western North Dakota. This recently discovered oil depository potentially holds 1.9 billion barrels in the Three Forks-Sanish formation. For years, the oil industry have known about this oil field, but it was too costly to explore and the technology was not yet available. That is all changing now. The question is whether the EPA, environmentalists and our oppressive government will allow the exploration and harvesting of this tremendous resource that would greatly aid the US in their need for cheap, accessible energy...
  • US Oil [stunner from an e-mail]

    04/25/2010 6:13:37 AM PDT · by Clint Williams · 31 replies · 4,078+ views
    e-mail ^ | 4/10/10 | unknown
    Subject: US oil Wake up America - - - makes you wonder what we are waiting for!!!!   More oil kings having solid white gold Mercedes built with American money????        OIL Here ' s an interesting read, important and verifiable information : About 6 months ago, the writer was watching a news program on oil andone of the Forbes Bros. was the guest. The host said to Forbes, "I am going toask you a direct question and I would like a direct answer; how much oildoes the U.S. have in the ground?" Forbes did not miss a beat, he said,...
  • Green Washington Wants Less-efficient Fuel - You can’t make this stuff up. (EPA out of control)

    04/05/2010 7:24:10 AM PDT · by opentalk · 31 replies · 1,050+ views
    NRO ^ | April 05, 2010 | Henry Payne]
    On April 1, the Obama administration’s EPA issued final rules forcing automakers to increase their vehicles’ fuel economy by 40 percent in five years. The next day, the very same EPA favorably reviewed an ethanol fuel mandate that would force autos to get up to 5 percent worse fuel economy. You can’t make this stuff up. Follow us here. By the same date — 2015 — that the new 35.5 mpg EPA mandate is due to go into effect, oil companies are also mandated by Congress to double the amount of corn ethanol use (from 2007 levels) to 15 billion...
  • Rig count reflects oil boom in North Dakota

    03/15/2010 10:27:55 AM PDT · by thackney · 10 replies · 633+ views
    Bismark Tribune ^ | March 11, 2010 | Brian Gehring
    North Dakota topped the century mark in the number of active oil rigs this week for the first time since February 1982. There were 102 active rigs as of Wednesday. The state is still below the all-time high of 146 rigs that came in October 1981, said Ron Ness, president of the North Dakota Petroleum Council. Ness said the numbers are a positive for the future of the North Dakota oil industry. Ness said improvements in technology have allowed rigs to be more productive and efficient with the advent of horizontal drilling. “That’s the real story,” he said. Ness said...
  • Montana Bakken Moves Forward

    03/15/2010 10:24:57 AM PDT · by thackney · 10 replies · 726+ views
    Investopedia ^ | 3/15/10 | Eric Fox
    Although most of the oil and gas exploration and development activity in the Bakken Shale so far has been on the North Dakota side, the next few years may see a pick up in activity on the Montana side, where several exploration and production companies are planning test wells and assembling acreage. Looking North Rosetta Resources (Nasdaq:ROSE) has 239,000 net acres under lease in the Alberta Basin in the Cut Bank field. The company has drilled three test wells here to date and has been encouraged by the results. Rosetta Resources has found pay at several different formations besides the...
  • OIL

    03/12/2010 9:35:39 PM PST · by chicken head · 76 replies · 3,011+ views
    OIL - you better sit down. Here's an interesting read, important and verifiable information : About 6 months ago, the writer was watching a news program on oil and one of the Forbes Bros. was the guest. The host said to Forbes, "I am going to ask you a direct question and I would like a direct answer; how much oil does the U.S. have in the ground?" Forbes did not miss a beat, he said, "more than all the Middle East put together." Please read below. The U. S. Geological Service issued a report in April 2008 that only...
  • N.D. reports most oil rigs in 28 years

    03/11/2010 1:36:31 PM PST · by skeptoid · 13 replies · 412+ views
    Grand Forks Herald ^ | March 10 2010 | Kevin Bonham
    Like the oil gushing out of the Bakken Formation in western North Dakota, the number of oil rigs actively drilling is soaring to new heights. North Dakota had 102 oil rigs drilling Wednesday, after hitting 100 on Monday for the first time in decades.
  • Alliance Pipeline Transports First Bakken Natural Gas

    02/18/2010 9:51:45 AM PST · by thackney · 9 replies · 404+ views
    Rig Zone ^ | Thursday, February 18, 2010 | Alliance Pipeline L.P.
    The first dense phase rich natural gas from the Bakken is being transported to the Chicago hub via the Alliance Pipeline system. Alliance Pipeline recently completed construction of a new interconnect facility near Bantry, North Dakota which connects to Pecan Pipeline's 12", 76-mile Prairie Rose Pipeline. The new interconnect provides a much needed route to bring natural gas and natural gas liquids (NGLs) from the Bakken to market. While the Bakken is primarily an oil play, a significant amount of associated natural gas is also being produced. Natural gas is the cleanest burning and environmentally preferred fossil fuel, but without...
  • Drilling Ban To Cost Trillions

    02/16/2010 4:16:12 PM PST · by Kaslin · 21 replies · 1,321+ views
    Investors.com ^ | February 16, 2010 | INVESTORS BUSINESS DAILY Staff
    Energy: A new study shows that our reluctance to develop domestic energy will cost the beleaguered U.S. economy trillions in opportunity costs, reduce our gross domestic product and increase our trade deficit. From trying to stimulate jobs in nonexistent ZIP codes at great expense to worshiping the false gods of climate change, our biggest deficit these days may be in the area of common sense. A new study shows that many of our wounds are self-inflicted as we forgo the wealth and jobs to be found in our waters and under our feet. The study by Science Applications International Corp....
  • N.D. ranks second in nation for economic performance

    02/04/2010 11:56:00 AM PST · by upsdriver · 36 replies · 1,229+ views
    GrandForksHerald.com ^ | Feb 3,2010 | Ryan Johnson
    North Dakota has again moved up in the rankings of economic performance strengths and weaknesses, according to a new report released Wednesday. “The state’s efforts to build a strong business climate have been key to growing and diversifying our economic base and creating jobs,” said North Dakota Gov. John Hoeven in a press release.
  • Get The Frackin' Gas

    12/22/2009 5:25:03 PM PST · by Kaslin · 17 replies · 1,773+ views
    Investors.com ^ | December 22, 2009 | INVESTORS BUSINESS DAILY Staff
    Energy: An oil company wants to invest its profits in clean-burning American natural gas. A Hungarian billionaire and a "green" politician want to stop it. This is the real Climate-gate scandal. While the greenies of the world united in Copenhagen to talk about the weather, emitting a Third World-country-size chunk of greenhouse gases to gather there, the world's largest oil company, Exxon Mobil, was doing something about it. On Dec. 14, Exxon agreed to buy XTO Energy, a natural gas firm, in a deal valued at $41 billion. XTO is one of the leaders in something called "fracking" technology, in...
  • Blackfeet sign oil exploration agreement (MT)

    12/07/2009 5:43:52 PM PST · by This_far · 9 replies · 631+ views
    Billings Gazette ^ | December 6, 2009 | n/a
    BROWNING — An official says the Blackfeet Tribe in northwestern Montana has signed the largest oil exploration agreement in the tribe’s history. Oil and Gas Manager Grinnell Day Chief says the tribe on Thursday signed an agreement with Houston-based Newfield Production Co. to allow test wells in the middle of the reservation. Day Chief says the company will be drilling horizontal wells into the Bakken Formation and other formations. New drilling technology has made the Bakken Formation one of the nation’s hottest oil exploration areas in recent years. Day Chief declined to give the dollar amount of the agreement. But...
  • Three Forks Raising Oil Optimism

    10/31/2009 3:34:19 PM PDT · by george76 · 48 replies · 2,445+ views
    KXMBTV ^ | Oct 29 2009
    North Dakota sits on one of the largest pools of oil in North America. The Bakken Shale Formation is estimated to hold nearly four billion barrels of oil that can be extracted. And now, a new batch of oil just under the Bakken is adding even more interest to oil exploration in the state. The Bakken Shale Formation has created excitement in western North Dakota - the kind of excitement that leads to things like bumper stickers. But even as oil companies scramble to tap into the Bakken, there's a new oil play brewing - it's called the Three Forks-Sanish...
  • THE US HAS "MORE THAN ALL THE MIDDLE EAST PUT TOGETHER" ( oil )

    10/11/2009 5:18:39 PM PDT · by Halfmanhalfamazing · 25 replies · 1,703+ views
    Atlas Shrugs ^ | October 10th | Pamela Geller
    The government is, increasingly, the enemy. Imagine the jobs, the wealth, the independence, and cutting the jihad snake off at the head. There is no downside. We could easily extract that oil with minimum impact to the trees. ..... For decades, Democrats have blocked efforts to responsibly develop this nation's energy resources, transforming vast areas of opportunity into "The No Zone." (hat tip Jim)
  • The Saudi Arabia Of Shale

    08/21/2009 5:05:26 AM PDT · by Vincent Jappi · 18 replies · 2,222+ views
    INVESTOR'S BUSINESS DAILY ^ | August 17, 2009
    Energy Policy: New York's governor wants to tap into a shale formation that can supply the entire U.S. with natural gas for 65 years. Will NIMBY environmentalists let him stimulate New York's and America's energy economy? Last week, David Patterson released a draft report of his Energy Planning Board that does something Democrats are loath to do: It proposes developing a domestic energy resource — the huge amounts of natural gas trapped in the Marcellus Shale formation. New York produces 5% of its natural gas in-state and imports more than 95% from the Gulf Coast and Canada. The Marcellus Shale...
  • The Saudi Arabia Of Shale

    08/17/2009 6:14:56 PM PDT · by Kaslin · 47 replies · 4,070+ views
    IBD Editorials ^ | August 17, 2009 | INVESTORS BUSINESS DAILY Staff
    Energy Policy: New York's governor wants to tap into a shale formation that can supply the entire U.S. with natural gas for 65 years. Will NIMBY environmentalists let him stimulate New York's and America's energy economy?Last week, David Patterson released a draft report of his Energy Planning Board that does something Democrats are loath to do: It proposes developing a domestic energy resource — the huge amounts of natural gas trapped in the Marcellus Shale formation. New York produces 5% of its natural gas in-state and imports more than 95% from the Gulf Coast and Canada. The Marcellus Shale stretches...
  • North Dakota Could Have a Huge New Oil Field

    07/14/2009 11:47:13 AM PDT · by kellynla · 43 replies · 1,710+ views
    breitbart.com/ap ^ | JAMES MacPHERSON
    BISMARCK, N.D. (AP) - Dozens of fruitful wells beneath the rich Bakken shale in North Dakota continue to fuel a hunch among oilmen and geologists that another vast crude-bearing formation may be buried in the state's vast oil patch. Lynn Helms, director of the state Department of Mineral Resources, said recent production results from 103 newly tapped wells in the Three Forks-Sanish formation show many that are "as good or better" than some in the Bakken, which lies two miles under the surface in western North Dakota and holds billions of barrels of oil. "I think it's a big deal...
  • U.S.A. Sitting on 2 Trillion Barrels of Oil

    07/05/2009 7:25:56 AM PDT · by Patriot1259 · 76 replies · 2,214+ views
    The Cypress Times ^ | 07/05/2009 | Charles Lingerfelt
    Thirty thousand scientists and NASA say Global warming is a farce! So, why are we not drilling for our own oil here in the USA? Why are we shutting down the coal mining, putting people out of jobs? Who wants to drive one of those little cars around all the BIG trucks on the roads? Not me. It won’t happen...been there, done that, and lived to tell about it. Americans are being scammed!
  • 3 to 4.3 Billion Barrels of Oil Assessed in N Dakota & Montana’s Bakken Formation

    02/27/2009 8:00:10 AM PST · by Lucky9teen · 20 replies · 1,627+ views
    The U. S. Geological Service issued a report in April ('08) that only scientists and oil men knew was coming, but man was it big. It was a revised report (hadn't been updated since '95) on how much oil was in this area of the western 2/3 of North Dakota ; western South Dakota ; and extreme eastern Montana ..... check THIS out: The Bakken is the largest domestic oil discovery since Alaska 's Prudhoe Bay , and has the potential to eliminate all American dependence on foreign oil. The Energy Information Administration (EIA) estimates it at 503 billion barrels....
  • Still rockin' the Bakken

    02/15/2009 2:23:05 PM PST · by WOBBLY BOB · 4 replies · 617+ views
    pioneer press ^ | 2-14-09 | Leslie Brooks Suzukamo lsuzukamo
    This is the winter of oil's discontents. It is the winter after oil prices whipsawed world markets. A year ago, when oil prices were on their way to all-time highs, wildcatters stampeded North Dakota land offices to search for unclaimed mineral rights in the oil-rich Bakken Formation. In summer, oil boosters slapped bumper stickers on pickups boasting of 'Rockin' the Bakken,' with its 4.3 billion barrels of recoverable oil. Now, with oil trading under $40 a barrel amidst a global recession, oil companies are pulling rigs from frozen farm and grazing land. But a small Twin Cities-based startup has a...
  • All The Oil In The World

    01/26/2009 4:19:14 AM PST · by bocopar · 29 replies · 1,648+ views
    Bob Parks: Black & Right ^ | 1/26/09 | Bob Parks
    I wonder if this will ever see the light of day, and if so, what Al Gore and the left would have to say about it? The U.S. Geological Service issued a report in April ('08) that only scientists and oilmen knew was coming, but man, was it big! It was a revised report (hadn't been updated since '95) on how much oil was in this area of the western 2/3 of North Dakota; western South Dakota; and extreme eastern Montana ... check THIS out: The Bakken is the largest domestic oil discovery since Alaska's Prudhoe Bay, and has the...
  • North Dakota Moves up to 5th Place in U.S. Oil Production

    11/25/2008 5:50:16 PM PST · by St. Louis Conservative · 7 replies · 707+ views
    Forbes ^ | November 25, 2008 | Staff
    North Dakota keeps rising on the nation's oil production charts. State Department of Mineral Resources director Lynn Helms says North Dakota now ranks fifth among oil-producing states. Yahoo! BuzzHelms says North Dakota recently passed Oklahoma. He says the state's western oil fields are pumping out about 188,000 barrels of oil each day. Texas ranks first, followed by Alaska, California and Louisiana.
  • Town south of Canada sitting on oil jackpot

    11/09/2008 7:47:58 PM PST · by Nachum · 33 replies · 264+ views
    edmunton sun ^ | 11/0/08 | James MacPherson
    PARSHALL, N.D. — In this tiny reservation town about two hours from the Canadian border, a Southern twang is sometimes heard over the din at the local diner and there’s talk of Texas tea beneath the streets. Roughnecks from Texas and Oklahoma have travelled here on hopes that they now share with the town’s 1,000 or so inhabitants — that there is oil in Parshall. About 400 people own mineral rights under homes, businesses, churches, nursing homes or tribal land. All of it has been leased, town officials said. “We were dying,” said Loren Hoffman, a local farmer and the...
  • Three to 4 billion barrels of extractable oil available now in the CONUS, not offshore.

    10/08/2008 7:42:43 PM PDT · by TEXASPROUD · 22 replies · 880+ views
    United States Geological Survey ^ | 4/10/2008 | United States Geological Survey
    The U.S. Geological Service issued a report in April ('08) that only scientists and oilmen knew was coming, but man was it big. It was a revised report (hadn't been updated since '95) on how much oil was in this area of the western 2/3 of North Dakota; western South Dakota; and extreme eastern Montana ... check THIS out:
  • Bakken Formation UPDATE

    09/21/2008 2:09:23 PM PDT · by FARS · 33 replies · 612+ views
    AntiMullah ^ | Septermber 21st, 2008 | U.S. Geological Study
    The U.S. Geological Service issued a report in April ('08) that only scientists and oilmen knew was coming, but man was it big. It was a revised report (hadn't been updated since '95) on how much oil was in this area of the western 2/3 of North Dakota; western South Dakota; and extreme eastern Montana ... Check THIS out: The Bakken is the largest domestic oil discovery since Alaska's Prudhoe Bay, and has the potential to eliminate all American dependence on foreign oil.
  • Dakota's Oil Fields Turn Farmers into Millionaire Drillers

    07/06/2008 7:41:37 AM PDT · by STARWISE · 77 replies · 343+ views
    John Bartelson, who smokes Marlboro Lights through fingers blackened with tractor grease, may look like an average wheat farmer. He isn't. He's one of North Dakota's new oil barons. Every month, he gets a check for tens of thousands of dollars from a company in Houston called EOG Resources Inc., which drilled two oil wells on his land last year. He says the day his first royalty check arrived was one to remember. "I smiled to beat hell, and I went to town and had a beer," Bartelson, 65, says. His new wealth springs from the Bakken formation, a sprawling...
  • Obama's Dry Hole

    06/29/2008 11:05:29 PM PDT · by gpapa · 39 replies · 992+ views
    The Wall Street Journal ^ | June 30, 2008 | Unatrributed
    "I want you to think about this," Barack Obama said in Las Vegas last week. "The oil companies have already been given 68 million acres of federal land, both onshore and offshore, to drill. They're allowed to drill it, and yet they haven't touched it – 68 million acres that have the potential to nearly double America's total oil production." Wow, how come the oil companies didn't think of that? Perhaps because the notion is obviously false – at least to anyone who knows how oil and gas exploration actually works. Predictably, however, Mr. Obama's claim is also the mantra...
  • Bakken Well Getting Noticed

    06/23/2008 4:33:45 PM PDT · by WOBBLY BOB · 17 replies · 159+ views
    KXMBTV Bismarck ^ | 6-17-08 | Donnell Preskey
    A new oil well in Dunn County is creating a lot of interest. Continental Resources Inc. says its new oil well produced an average of about 700 barrels of oil a day during its first week of production last month. The well was drilled underneath the Bakken shale rock formation in western North Dakota. The well rivals production of the company's top-producing wells in the Bakken.
  • U.S. Says 400-Billion Barrel Bakken Oil Field a 'Myth'

    06/18/2008 10:10:46 AM PDT · by Ernest_at_the_Beach · 85 replies · 2,039+ views
    CNSNews ^ | June 18, 2008 | Keriann Hopkins CNSNews.com Correspondent
    (CNSNews.com) - Reports circulating on the Internet tell of an oil field spanning parts of western North Dakota and eastern Montana where 400 billion barrels of oil supposedly are just waiting to be tapped. However, the U.S. Geological Survey (USGS) tells Cybercast News Service that those huge estimates are "a myth." A USGS report issued in April estimates that there are between 3 billion to 4.3 billion barrels of oil in what is referred to as "the Bakken Formation" -- well below the 400 billion barrels discussed on the Web, but up from the previous estimate of 151 million...
  • Oil well below Bakken shows promise

    06/17/2008 12:11:30 PM PDT · by upsdriver · 109 replies · 379+ views
    BISMARCK — A single successful oil well tapped below the Bakken shale formation in western North Dakota has spurred speculation that a separate — and perhaps rich — oil-producing reservoir may be buried in the state’s oil patch. Enid, Okla.-based Continental Resources Inc. says its new oil well in Dunn County produced an average of about 700 barrels of oil a day during its first week of production last month. It was Continental’s first well in the Three Forks-Sanish formation, said Harold Hamm, the company’s chairman. The formation is made up of sand and porous rock directly beneath the Middle...
  • Voters Say 'Drill'

    06/10/2008 6:34:30 AM PDT · by Obadiah · 103 replies · 152+ views
    RealClearPolitics ^ | 6/10/08 | Lawrence Kudlow
    The recent spike in oil prices and unemployment is dramatically changing this presidential campaign -- virtually overnight. The near $20 jump in oil to $140 a barrel, the unexpected half-point increase in the jobless rate to 5.5 percent (the biggest monthly increase in twenty years), and the resulting 400-point plunge in stocks has created a new campaign issue right before our eyes. Public worry number one is now oil, jobs, and the economy, with the inflationary woes of the U.S. dollar right underneath. The candidate who can connect with these issues will win in November. But so far neither Obama...
  • U.S. Geological Survey Petroleum Resource Assessment of the Bakken Formation

    05/16/2008 10:13:02 PM PDT · by combat_boots · 24 replies · 165+ views
    USGS, Dept of Interior ^ | April, 2008 | Unknown
    A reported 3 to 4.3 billion barrels of oil estimate.... North Dakota. Montana. Go to just about the end of the slide show to see the stats. Press Release page: http://www.usgs.gov/newsroom/article.asp?ID=1911
  • Montana’s Bakken Oil Field: Good News for US Consumers, Bad News for MSM

    05/15/2008 6:25:17 PM PDT · by mondoreb · 77 replies · 4,690+ views
    DBKP ^ | May 15, 2008 | Mondoreb
    HUGE Oil Field in Montana is Good News for Consumers --Which Makes it Unpalatable for the Mainstream MediaWhile Jeroen van der Veer, Shell’s chief executive, fears for the future of oil supplies after 2015--maybe he's confusing Shell's oil supply with the rest of the world's--Newsmax has just released information on the HUGE oil discovery in Montana: the Williston Basin or "Bakken" field. About 470 miles outside the state capitol of Helena - in a place called Richland County, Montana - more millionaires are being created per capita than anywhere else in America. It's the largest domestic oil discovery since Alaska's...
  • ND study: 167 billion barrels of oil in Bakken (1%percent recoverable)

    04/28/2008 9:20:06 AM PDT · by saganite · 52 replies · 516+ views
    Grand Forks Herald ^ | Monday, April 28, 2008 | JAMES MacPHERSON
    The Bakken shale formation in North Dakota holds up to 167 billion barrels of oil but only about 1 percent of it can be recovered using current technology, a new state study says. The study released Monday said current technology could lead to the recovery of about 2.1 billion barrels in North Dakota's the "middle Bakken" formation, where oil-producing rock is sandwiched between layers of shale about 10,000 feet under the ground. "The future potential is enormous - it means we will be able to exploit this for the rest of the century," said Lynn Helms, director of the state...
  • Billions of gallons of oil in North Dakota, Montana

    04/14/2008 3:57:33 AM PDT · by Man50D · 40 replies · 165+ views
    WorldNetDaily.com | Jerome Corsi | April 13, 2008
    <p>A shale formation stretching North Dakota and Montana may have an estimated 3.0 to 4.3 billion barrels of technically recoverable oil, according to a U.S. Geological Survey assessment.</p> <p>Known as the Bakken Formation, this find would make the recoverable oil in North Dakota and Montana the largest United States oil reserves outside Alaska.</p>