In 1951 a significant oil discovery was made on the Bakken Formation, which is a very old geological deposit occupying about 520,000 square km of the subsurface of the Williston Basin, covering parts of Montana, North Dakota, and Saskatchewan. An April 2008 USGS report estimated the amount of technically recoverable oil within the Bakken Formation at 3.0 to 4.3 billion barrels.
Caza Oil & Gas, Inc.(TSE:CAZ) provided an update on the O.B. Ranch #1 well on the Bongo prospect in Wharton County, Texas.
Niko Resources Ltd. (TSE:NKO) reported its financial and operating results, including consolidated financial statements and notes thereto, as well as its managements' discussion and analysis, for the quarter ended June 30, 2010, the first quarter of Niko's fiscal year.
Suncor Energy (NYSE:SU) has reached an agreement with Direct Energy to sell certain natural gas properties for approximately $375 million with an effective date of May 1, 2010.
Palliser Oil & Gas Corporation (CVE:PXL) reported the financial and operating results for the three and six months ended June 30, 2010.
Pace Oil & Gas Ltd. (TSE:PCE) announced its financial and operating results for the three and six months ended June 30, 2010 and its plans for the remainder of this year.
Anglo Canadian Oil Corp. (CVE:ACG) reported that it continues to complete and evaluate its Shane 7-11 well after drilling to a total measured depth of 2650m.
Nextraction Energy Corporation (TSE:NE)announced, along with joint venture and operating partner Vantage Energy LLC , that the initial production flow rates and thirty day flow rates from the 13 -stage frac located only in the lower zones of the Noble #6-24 well (the Mesaverde and Lower Lance formations) have been completed.
Maxim Resources Inc. (CVE:MXM) announced that it has signed an Offer to Purchase with Alberta Oilsands Inc. (AOS), for the acquisition of properties in Leduc-Woodbend, Alberta.
Communities.canada.com reported that Everyone's talkin' about the Bakken:
Thursday, August 19, 2010