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 Abraxas Petroleum (AXAS); Transformational Catalysts Are In Sight
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Global Hunter Securities Upgrades Quicksilver Resources (KWK) to Buy; Going with the Flow, KWK Adds Oil Acreage
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Global Hunter Securities Reiterates a 'Buy' on Rosetta Resources (ROSE); Take Off Your ROSE Colored Glasses
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Global Hunter Securities Maintains a 'Neutral' on Kodiak Oil & Gas (KOG); Q1 Review
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FBR Capital Reiterates an 'Outperform' on Rosetta Resources (ROSE); Southern Alberta Bakken; Risk Reward Profile Gets Better
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Canaccord Genuity Upgrades Continental Resources (CLR) to Buy; on Valuation, Bakken Execution/Extension
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Ticonderoga Maintains a 'Buy' on Continental Resources (CLR); First Look—1Q Results Reaffirm Strong Growth Outlook, Superior Profitability
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McNicoll Lewis & Vlak Starts GMX Resources (GMXR) at Buy, $7.50 Price Target
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Canaccord Genuity Reiterates a 'Buy' on Voyager Oil & Gas (VOG); Announces Encouraging Update
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Kodiak Oil & Gas (KOG) Issue Interim Update; Increases Borrowing Base 50% to $75M
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Brigham Exploration (BEXP) Updates on Flow Backs for Two Montana, North Dakota Wells
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Barclays on U.S. Oil & Gas: E&P (Mid-Cap): Upgrades DNR, Downgrades KWK
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Credit Suisse Cuts Estimates & Raises Price Target on GMX Resources (GMXR) Following Two Acquisitions
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Global Hunter Securities Downgrades Whiting Petroleum (WLL) to Neutral
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Global Hunter Securities Downgrades GeoResources (GEOI) to Neutral
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Global Hunter Securities Downgrades Continental Resources (CLR) to Accumulate
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Canaccord Genuity Reiterates a "Buy/Top Pick' rating on EOG Resources (EOG); Highlights From Management Meeting
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UPDATE: Credit Suisse Downgrades Complete Production Services (CPX) to Neutral
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Northern Oil and Gas (NOG) Issues Production Outlook for FY11
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Global Hunter Securities Reiterates a 'Buy' on Triangle Petroleum (TPLM); Winning in the Bakken
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Samson Oil & Gas (SSN) Reports Slower, Yet Satisfactory, Ops at Rodney #1-14 Well
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Credit Suisse Maintains an 'Outperform' on Denbury Resources (DNR); Lift Forecasts on Higher Oil Deck
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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
