New Shale Gas is an Energy Boom
August 28 | 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 | 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.
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Mineral Rights Information
August 15 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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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Geology Field Books and Covers
Promotion | Geology.com
Keep your field notes safe by writing them in a waterproof fieldbook with a waterproof pen that writes at all temperatures and at all angles - even upside down. Protective covers have pockets for three pencils, an acid bottle and a 6" ruler/ scale (items not included). A plastic clip keeps the cover closed and book firmly secured. Has 2" belt loops for easy carrying, or stash the case in your field pack. |
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