North Dakota and Montana have an estimated 3.0 to 4.3 billion barrels of undiscovered, technically recoverable oil in an area known as the Bakken Formation.
A U.S. Geological Survey assessment, released April 10, shows a 25-fold increase in the amount of oil that can be recovered compared to the agency’s 1995 estimate of 151 million barrels [...]

West Canyon Energy Corp., a Houston-based energy exploration and production company focused on high impact energy prospects in the continental United States, announced today that it has signed a Letter of Intent to acquire one-hundred percent (100%) working interest, in the Spring Creek Prospect.
On March 25, 2008 we entered into a letter of intent [...]

The Bakken oil formation, which stretches across North Dakota, Montana and southeastern Saskatchewan, is suddenly drawing worldwide attention.
On Thursday, April 10, the U.S. Geological Survey (USGS) published an official study on the massive Bakken reserve.
Among the agency’s findings:
* Up to 4.3 billion barrels of oil could be recovered from the Bakken shale formation — a [...]

There’s been speculation for years about a western North Dakota formation known as the Bakken Shale.
The formation extends into Montana and Canada. Geologists have estimated the area holds hundreds of billions of barrels of oil.
The problem has been how to get that oil out of the ground. It’s not a pool you drill [...]

A shale formation under western North Dakota holds the biggest continuous oil deposit in the lower 48 states, the U.S. Geographical Survey has determined.
The Bakken shale formation, 10,000 feet beneath the Williston Basin, holds 4.3 billion barrels of oil, the Thursday report said.
The estimate includes what the USGS believes is recoverable using current technology.
The amount [...]

The oil company BP has finished its pullout in North Dakota.
The company said last August it was going to stop selling its brand gasoline and diesel fuel in North Dakota and three other states by the middle of this year.
The announcement affected 11 suppliers in North Dakota that serve 34 retail locations in the state. [...]

A shale formation stretching North Dakota and Montana may have an estimated 3 to 4.3 billion barrels of technically recoverable oil, according to a U.S. Geological Survey assessment.
Known as the Bakken Formation, the find would make the recoverable oil in North Dakota and Montana the largest U.S. oil reserves outside Alaska.
The recently released assessment shows [...]

Developers of the Keystone oil pipeline want to make 49 changes in its proposed route through eastern North Dakota.
North Dakota`s Public Service Commission has scheduled an informal hearing on May 21 to discuss the company`s wish list.
And the commissioners say people who are interested in the pipeline`s route have until May 19 to request a [...]

Crude futures rolled past $115 a barrel, hitting a new record on concerns about how much gas will be available during the peak summer months. The weekly inventories report from the Energy Department’s Energy Information Administration (EIA) showed a much bigger decline in gasoline supplies than forecast by analysts surveyed by Dow Jones Newswires.
The report [...]

The EIA report appeared positive for refiners — on the surface at least — and shares of independent refiners rose with the broader market. Valero Energy shares added $3.12, or 6.4 percent, to close at $51.68. Tesoro Corp. gained $2.01, or 7.7 percent, to $27.99. Sunoco Inc. added $2.89, or 5.6 percent, to $54.94.
Gasoline inventories [...]