bakken oil field companies Archives

Canadian Dividend Paying Bakken Oil Stocks

December 19, 2012 via CanadianOil Tagged With: bakken oil companies, bakken oil field companies, Bakken oil stocks, Canadian oil stocks, dividend paying oil stocks

The Bakken formation stretches over 25,000 square miles beneath North Dakota, Montana, Saskatchewan, and Manitoba. According to Continental Resources, the Bakken/Upper Three Forks formations hold an estimated 577 billion barrels of original oil in place. That means a 3.5% recovery factor translates into 20 billion barrels of recoverable light oil. Thanks to Bakken shale oil, North Dakota is on track to become the second highest producing oil state in the US after Texas.

We are looking for Canadian dividend paying oil and gas companies that derive a substantial percentage of their production from the Bakken formation. These companies are preferably … Continue Reading

Canadian Oil Stocks: 3 Bakken Oil Companies

November 22, 2011 via CanadianOil Tagged With: bakken oil, bakken oil companies, bakken oil field companies, bakken oil producers, bakken oil shale, Bakken oil stocks, Canadian small cap oil stocks, junior oil stocks

The Bakken Formation is a large unconventional resource found throughout central Williston Basin (Saskatchewan, Manitoba, Montana and North Dakota). The shales that comprise the upper and lower members of the Bakken are world class source rocks with a total thickness generally between 30-40m. The USGS (U.S. Geological Survey) 2008 estimate for technically recoverable reserves in the Bakken stands at 4.3 billion barrels, a figure expected to be reviewed higher. Some companies are estimating about 10 billion barrels in recoverable reserves!

Bakken oil companies are targeting light-sweet crude oil trapped within shale rock 10,000 feet below the surface. Bakken wells generally … Continue Reading