All Posts Tagged With: "Bakken Field"

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Three Forks Fever Grips Northern Rockies

Now, preliminary results from the reservoir that lies underneath the Bakken oil indicate that it could have an equal amount of recoverable oil – doubling the Bakken finds and making the U.S., in theory, a major oil producer once again.

5Aug2009 | admin | 0 comments | Continued
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In the Oil Patch, Optimism Takes Hold

Oil and gas drilling in the U.S. has begun the crawl slowly out of the hole it fell into over the last year. With the Dow Jones index struggling above 9000, the housing market showing signs of recovery, and oil prices creeping upward, the rig count by energy industry Baker Hughes Inc. hit 943 last week.

30Jul2009 | admin | 0 comments | Continued
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As Prices Tumble, Gas Reserves Soar

The more the putative supply of gas in the ground rises, the more the price gets depressed. Prices have plummeted nearly 70 percent from their peak a year ago, and they continue to drop – to around $4 per 1000 cubic feet this week. In case you think that drop is a temporary anomaly, have a look at this chart of gas futures, stretching out three months. It’s hard to drill for more gas when it’s unprofitable to produce.

23Jun2009 | admin | 1 comment | Continued
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Bakken Beware!

Currently making the rounds to millions of email inboxes is a viral message that purports to deliver a solution to all of America’s energy needs. Sadly, like Nigerian banking scams and magical male enhancement formulas, this promise of untold crude-oil wealth is mostly vapor.

17Feb2009 | admin | 2 comments | Continued