Search results for: "Bakken Shale"

Is There More Oil Below the Bakken Shale Than In It?

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The Three Forks formation in North Dakota, South Dakota and Montana could hold more undiscovered, technically recoverable oil than the Bakken Shale that lies above it, according to the United States Geological Survey’s (USGS) latest assessment.

The mean of the estimate for the two formations’ combined undiscovered, technically recoverable oil is 7.38 billion barrels, effectively doubling the 2008 estimate for the Bakken shale alone. The mean estimate for Bakken oil, at 3.65 bn bbls – the same as in 2008 – is just shy of the Three Forks’ 3.73 bn bbl estimate. Keep reading →

 /  Published May 1, 2013 at 2:30 PM

Bakken Shale Potential Benefits Infographic

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The Bakken Shale has already had a transformational impact on its region, with the lightly populated part of North Dakota experiencing an employment boom alongside serious strains on its infrastructure.

This infographic, pulled together by energy publishers Hart Energy, focuses more on what is next for the Bakken region and for the US as the possible further expansion of drilling for its oil and gas resources becomes a central component of the national conversation about energy independence, jobs in the oil and gas sector, and environmental tradeoffs. Keep reading →

 /  Published October 8, 2012 at 10:30 AM

Broken Contract Brings BP and Monroe Energy to Court

By Michael McDonald

British Petroleum one of the largest energy companies in the world has accused Monroe Energy of wrongfully terminating a crude supply contract in 2016. According to the federal court filings by the oil company BP claims Monroe’s actions cost BP at least $59 million in damages. In a lawsuit filed in the U.S. District Court… Keep reading →

 /  Published April 28, 2017 at 2:11 PM

Energy Quote of the Day: On Shale Drillers in ‘Survival Mode’

By Pete Danko

Oil Boom Shifts The Landscape Of Rural North Dakota

If $100 a barrel wasn’t enough to make a shale driller money, imagine what a price 40 percent lower is doing. Not good. According to a Bloomberg Business report, debt is becoming a dangerous burden for an increasing number of players in the U.S. shale boom. “The question is, how long do they have that… Keep reading →

 /  Published June 19, 2015 at 1:46 PM

Energy News Roundup: Energy Markets Surge, Greek-Russia Energy Talks & Risks Of Crude-By-Rail

By Conor O'Sullivan

Markets Surge Into Positive Gains For Year

The Dow Jones industrial average rose into positive territory for the year after a difficult stretch for the market last week.”Traders welcomed a government report showing that consumer spending and incomes rose in February. Another report hinted at strong start to the spring buying season.Energy stocks were among the biggest gainers, bucking a slide in… Keep reading →

 /  Published March 31, 2015 at 6:00 AM

Energy Quote of the Day: Rig Count Offers Little Insight into the Outlook for US Oil Production Growth

By Edward Dodge

With AFP Story by Veronique DUPONT: US-E

US oil production continues to improve despite the recent drop in oil prices and a declining rig count. The reason? Improved drilling productivity, particularly in shale. “The headline U.S. oil rig count offers little insight into the outlook for U.S. oil production growth,” Goldman Sachs Group Inc. analyst Damien Courvalin wrote in a Feb. 10… Keep reading →

 /  Published February 19, 2015 at 3:00 PM

EPA Methane Rule Would Set Costly Bar for Oil and Gas Industry, Despite Current Reduction Efforts

By Enerknol Research

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This Summer, the EPA will propose rules to more widely require REC technologies to reduce methane emissions from oil and gas wells 40-45 percent by 2025. EPA Regulations Could Add Costs to Constrained Industry On January 14, 2015, the Environmental Protection Agency (EPA) outlined measures to reduce methane emissions and volatile organic compounds (VOCs) in… Keep reading →

 /  Published January 22, 2015 at 10:00 AM

Increase in Crude Oil Rail Deliveries Reflects Rising Production

By Enerknol Research

Polar Vortex Weather System Brings Artic Temperatures Across Wide Swath Of U.S.

The continued increase in rail transportation of U.S. crude oil reflects rising production, which reached 8.5 million bbl/d in June 2014, the highest since July 1986. On December 24, 2014, the Energy Information Administration (EIA) released a report showing that the amount of U.S. crude oil and refined petroleum products transported by rail increased by… Keep reading →

 /  Published January 5, 2015 at 10:00 AM

Infrastructure, Exports, Cybersecurity To Be Key Energy Trends In 2015

By Andrew Ricci | LEVICK ENERGY

Battle Looms For Coastal Wetland In Southern California

2014 was certainly a busy and productive year for the energy industry and energy policy. We saw a relaxation of crude export regulations for the first time in decades, allowing the glut of condensate the United States is producing to be shipped overseas. We saw high profile political battles over greenhouse gas emissions, hydraulic fracturing,… Keep reading →

 /  Published December 11, 2014 at 3:00 PM

Philadelphia Pitches ‘Energy Hub’ Plan to Investors

By Jon Hurdle

Largest Crude-By-Rail Unloading Terminal In The U.S.

Plans to turn Philadelphia city into an “energy hub” where natural gas from the Marcellus Shale would be pumped, processed, exported and used as fuel by manufacturers, were given a high-profile sales pitch at a one-day conference in the city last Friday. The Greater Philadelphia Chamber of Commerce and Philadelphia Energy Solutions, a local refiner,… Keep reading →

 /  Published December 9, 2014 at 12:00 PM
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