Right here in America there is a modern day oil & gas boom. 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 Shale Formation of the Williston Basin Province, Montana and North Dakota.

Oil And Gas Boom Plays In The USA And Canada

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Wednesday, June 8, 2011

American Standard Energy Corp. Enters Info Letters of Intent to Purchase Multiple Properties

SCOTTSDALE, Ariz., June 2, 2011 /PRNewswire/ -- American Standard Energy Corp. (the "Company") (OTCBB:ASEN), announces that it has entered into four non-binding Letters of Intent (LOI) today to acquire acreage in its three primary areas of operations: the Bakken of North Dakota and the Eagle Ford and Permian Basin plays of Texas and New Mexico. An LOI was signed for each of the following:
  • Bakken: ASEN has entered into an LOI to purchase approximately 15,000 acres in the Bakken shale play of North Dakota.  This acquisition would increase the Company's total acreage in the Bakken to approximately 48,000 net acres. The agreement covers acreage in the heart of the play being mostly in Mountrail, Burke, Williams McKenzie and Divide Counties. A significant portion also lies in the newest "hot spot" of the Bakken being Stark and Dunn counties.

Source: PR Newswire

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