Stacked Play in the Bakken and Three Forks-Sanish
September 14, 2009 | KXMA
In North Dakota, Continental Resources reports that they have drilled a well that penetrated two oil-bearing rock units – the Bakken Shale and the Three Forks-Sanish Formation.
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The Natural Gas Glut
August 12, 2009 | Bloomberg.com
Natural gas producers have developed such a large production capacity and a deep resource base that the market now has an enormous overhang of natural gas that could take years to work off.
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Natural Gas Reserves Up 35%
July 27, 2009 | New York Times
The natural gas supply situation of the United States has improved with a rise in reserves of about 35% between 2006 and 2008. Unconventional gas from shale accounts for most of the increase.
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Federal Regulation of Hydraulic Fracturing?
June 6, 2009 | Reuters
Two members of Congress are working on a bill that would give the federal government regulatory authority over hydraulic fracturing. They are motivated by a concern for ground water protection. Drillers are concerned that new federal regulations will cause permitting delays and increased costs.
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Oil and Gas Information for Land Owners
May 8, 2009 | MineralWeb.com
Mineralweb.com has a lot of short articles and links to resources related to mineral rights, oil and gas leasing, royalties, taxes and more.
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Modern Shale Gas Development in the United States
April 19, 2009 | US Department of Energy
“The U.S. Department of Energy (DOE) announces the release of Modern Shale Gas Development in the United States: A Primer. The Primer provides regulators, policy makers, and the public with an objective source of information on the technology advances and challenges that accompany deep shale gas development.” Quoted from fossil.energy.gov.
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Half of North America’s Gas From Shale by 2020
April 10, 2009 | Ziff Energy Group
A news release by the Ziff Energy Group says that the unconventional gas plays now active across North America will account for 53% of the continent’s gas production by 2020.
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What’s in that Frac Water?
December 9, 2008 | Star-Telegram
One of the biggest issues that environmentalists have with hydraulic fracturing is that the companies who use it have not been required to reveal the chemical additives. A bill introduced in Congress by Diana DeGette of Colorado would require companies to disclose drill site chemicals and subject them to the Clean Water Act.
News about Marcellus Shale.
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Chesapeake Cuts Gas Shale Drilling
September 24, 2008 | Star-Telegram.com
Chesapeake Energy is one of the leading companies drilling the organic shale deposits for Natural Gas in several basins across the United States. They recently announced plans to cut their rig count and capital expenditures. The recent sharp decline in natural gas prices has changed the economics of their business model.
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Natural Gas Supply Projections
September 8, 2008 | American Clean Skies Foundation
A PowerPoint presentation title “North American Natural Gas Supply Assessment” gives the most detailed information that we have seen on the production history and projected future of the natural gas plays that are currently taking off in the United States. It was prepared for the American Clean Skies Foundation by Navigant Consulting.
United States Natural Gas Plays
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New Shale Gas is an Energy Boom
August 28, 2008 | Money Morning
United States natural gas production is on a new rise after many years of steady decline. The newly tapped plays such as the Barnett, Haynesville and Marcellus have the promise of replacing a lot of oil that otherwise would have been imported.
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Bakken Formation Oil Boom
August 26, 2008 | Telegraph UK
Here is a story about how increased oil production from the Bakken Formation of North Dakota is giving a huge financial boost to that state. They have 635,000 residents and a budget surplus of $1 billion. Instead of charging an income tax they could reward people for living there.
Bakken Formation News.
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Mineral Rights Information
August 15, 2008 | Geology.com
Lots of people are being asked to sell the minerals beneath their property or sign a contract that gives a drilling company the right to explore their property for oil and natural gas. This article explores many aspects of mineral rights, and attempts to inform the potential seller/lessor that the transactions and agreements can be very complex and that advice from an expert is a good idea.
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Bakken Formation Oil and Gas
August 8, 2008 | Geology.com
Just a few years ago the Bakken Formation was considered a marginal to submarginal resource because the oil and gas are locked in a rock formation with a low permeability. However, advances in drilling and recovery technology such as horizontal drilling and hydrofracturing have transformed the Bakken it into a viable resource.
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Major Oils Are Getting Into Shale
July 20, 2008 | NewsOK
Most of the leasing and drilling in the United States gas shale plays have been done by smaller independent companies, but now some of the international oil companies are starting to buy in. BP just purchased $1.75 billion of unconventional shale assets from Chesapeake Energy.
More info on gas shales: Marcellus, Haynesville, Fayetteville, Barnett.
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The Pickens Plan
July 13, 2008 | Pickens Plan
T. Boone Pickens has a plan to help America replace the use of foreign oil with domestic energy sources. His plan calls for a greater utilization of wind power and the use of domestic natural gas to replace gasoline as a motor vehicle fuel. With the many new natural gas discoveries made in the past few years the United States is in a better position to support natural gas vehicles.
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North Dakota Oil Production Record
July 12, 2008 | Business Week
North Dakota’s oil wells produced an average of 150,578 barrels per day in April, beating the previous record of 147,774 barrels per day set back in August of 1984. Production from the Bakken Shale made a contribution to the new record.
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Billion Dollar Bakken Oil Deal
June 1, 2008 | CNN
XTO Energy is buying 352,000 acres of Bakken Shale land in Montana and North Dakota and absorbing a number of employees from Headington Oil for $1.85 Billion. This is North Dakota’s largest transaction to date in the Williston Basin.
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Saskatchewan Benefits from Bakken Formation Oil
April 25, 2008 | Canada.com
Although the recent USGS report on Bakken Formation Oil did not give details for Saskatchewan, the rock unit and an oil production potential extends northwest from the active areas in Montana and North Dakota.
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Bakken Formation Oil: What’s in the Numbers
April 21, 2008 | Clastic Detritus
Brian Romans has a summary of the USGS fact sheet on the Bakken Formation petroleum reserves. He also has some commentary on the different categories of reserves and what what those numbers really mean.
USGS Fact Sheet on Bakken Formation Oil
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Bakken Formation Oil and Gas: USGS Fact Sheet
April 18, 2008 | USGS
Using a geology-based assessment methodology, the U.S. Geological Survey estimated mean undiscovered volumes of 3.65 billion barrels of oil, 1.85 trillion cubic feet of associated/dissolved natural gas, and 148 million barrels of natural gas liquids in the Bakken Formation of the Williston Basin Province, Montana and North Dakota.
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Bakken Shale Oil: Billions of Barrels in North Dakota and Montana
April 15, 2008 | MSNBC
The Bakken shale formation in North Dakota and Montana could yield up to 4.3 billion barrels of oil in the near future. This estimate is not the amount contained in the shale – it is just the amount that could be extracted using current technology. Industry officials believe that North Dakota will set a new record for oil production this year.
USGS Fact Sheet on Bakken Formation Oil
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