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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Brigham Exploration (BEXP) Reports Figaro 29-32 #1H Bakken Well Produces at Initial Rate of ~1,985 BOEPD
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KeyBanc Reaffirms a 'Buy' Rating on Whiting Petroleum (WLL); Raises Price Target
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Unusual 11 Mid-Day Movers 8/26: NYMX, VG, SOMX, USEG Higher; CASM, CCUR, ISLE, DY Lower
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U.S. Energy (USEG) Enters Into Drilling Participation Agreement With Brigham Exploration Company in the Williston Basin
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Brigham Exploration (BEXP) Announces Bakken Drilling Participation Agreement
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Unusual 11 Mid-Day Movers 8/11: AVNR, RWC, ALC, BEXP Higher; AHR, JAV, SSP, CIT Lower
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Tudor Pickering Upgrades Brigham Exploration (BEXP) to Accumulate
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Morning Movers 8/11: AVNR, RWC, HLCS, ANPI, ANDS, AGM Higher; JAV, BIDZ, PETD, AHR, CIT, FTK, CLNE Lower
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Brigham Exploration (BEXP) Announces Anderson 28-33 #1H Produced 2,154 BOE/Day from Bakken Formation
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FBR Capital Upgrades Rosetta Resources (ROSE) to Outperform
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Brigham Exploration (BEXP): Upgraded to Strong Buy from Underperform at Raymond James
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Brigham Exploration (BEXP) Reports 2,021 boepd from Three Forks Well; Issues Update on Williston Basin
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KeyBanc Initiates Coverage on Continental Resources (CLR); Great Story, Strong Management - Waiting for Better Entry Point
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Northern Oil and Gas (NOG) Selling 2.25M Shares At $6 Per Share
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KeyBanc Reaffirms a 'Buy' Rating on Whiting Petroleum (WLL); Raises Estimates & Price Target
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Northern Oil and Gas (NOG) Announces Acqusition of Bakken Acreage and Production; Receives Additional Borrowing Base Under Revolving Credit Facility
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Brigham Exploration (BEXP) Prices 32M Shares At $2.75 A Share
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Brigham Exploration (BEXP) To Offer 30M Shares
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Canaccord Adams Upgrades EOG Resources (EOG) to Buy; Operating Momentum
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Encore Acquisition Company (EAC) Approves Revises Capital Budget for 2009
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KeyBanc Initiates Coverage on Crusader Energy Group (KRU) with a Hold
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NATCO Group (NTG) Subsidiary Acquires Connor Sales for $37M
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SunTrust Robinson Humphrey Upgrades St. Mary Land & Exploration (SM) to Buy
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Brigham Exploration (BEXP) Announces 1,110 BOPD Bakken Completion, Growing Williston Basin Oil Production and Apparent Third Consecutive Southern Louisiana Discovery
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Barron's Sounds A Caution Note On Northern Oil & Gas (NOG)
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Northern Oil and Gas (NOG) Announces Significant Bakken Discoveries
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SunTrust Robinson Humphrey Upgrades Concho Resources (CXO) to Buy
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SunTrust Robinson Humphrey Downgrades Brigham Exploration (BEXP) to Neutral
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XTO Energy (XTO) Completes Purchase of 352K Acres of Bakken Shale Leasehold; Agrees to Acquire Additional 100K Acres for $115M
