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

Antrim Shale ANWAR Oil Shale - Austin Chalk - Avalon Shale - Bakken Oil Shale - Barnett Shale- Bone Spring - Bossier Shale - Brazil Oil Field - Cardium Shale - Chainman Shale - Chattanooga Shale -Collingwood Shale - Cumnock Shale - Duvernay Shale - Eagle Ford Shale - Exshaw Shale - Fayetteville Shale - Granite Wash - Green River Basin Oil Shale - Haynesville Shale - Horn River Shale - Huron Shale - Kern County Oil Field - Leonard Shale - Marcellus Shale - Monterey Shale - Montney Shale -Niobrara Shale - Permian Basin - Piceance Basin - Smackover Brown Dense Formation - Spraberry Field - Tuscaloosa Marine Shale - Utica Shale - Wolfberry Trend - Wolfcamp Shale - Woodford Shale -Oil Sands - China Shale - Mineral Rights - Index of Shale

Tuesday, August 9, 2011

Comparing Bakken Stocks




With the advent of horizontal drilling and hydraulic fracturing, shale formations have become viable sources of oil and natural gas. In fact, they're actually some of the hottest acreage positions onshore. There's been plenty of fuss about the shales in Texas, with the Eagle Ford, Haynesville, and Barnett boasting plenty of production from many companies.

One popular shale formation outside of Texas is the Bakken, located in North Dakota, Montana, and parts of Canada. This liquids-rich shale has attracted many companies looking to capitalize on high oil prices. Along with the Eagle Ford, the Bakken has emerged as one of the best onshore oil plays.

EOG Resources(NYS:EOG) is the largest oil producer in North Dakota, with more than 49,000 barrels of oil equivalent per day as of the end of 2010. With 600,000 net acres in the Bakken shale, EOG is set to produce in this area for a long time. EOG's acreage is mainly in North Dakota, but it has some land in Montana as well. Looking forward, EOG plans to operate 10 rigs in the area in 2011.

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