Basic Earth Science Systems, Inc. provided an update in its most recent Annual Report To Shareholders concerning the status of the well being drilled on its Banks Prospect farmout in McKenzie County, North Dakota. The Wil E. Coyote 2H-9 is operated by Panther Energy Company, LLC. (Panther). Under the previously disclosed farmout agreement Basic has [...]

American Oil & Gas, Inc. announced today that it has sold approximately 11,130 net acres, including its 75% working interest ownership in a well that was drilled in late 2007, but not yet completed, for proceeds of $5.3 million. There were no proved reserves or production associated with this property sale.
Pat O’Brien, CEO of American [...]

Whiting Petroleum Corporation has published a report to the media today that record second quarter 2008 net income of $80.4 million, or $1.90 per basic and diluted share, on total revenues of $345.8 million. This compares to second quarter 2007 net income of $26.5 million, or $0.72 per basic and diluted share, on total revenues [...]

Samson Oil & Gas currently produces around 100 BOPD (gross) from a horizontal well placed in the Bluell Formation of the North Harstad oil field which is located in the central part of the Williston Basin. This well has been on production for 15 months and has demonstrated the productive capacity of this formation such [...]

Northern Oil and Gas, Inc. reported a first quarter 2008 net loss of $187,000 or $0.01 per common share. Complete details of the company’s financial performance in the first quarter can be found its Form 10-Q which has been filed with the U.S. Securities and Exchange Commission.
Michael Reger, Chief Executive Officer of Northern said, “Northern [...]

The U.S. Geological Survey has released an assessment of the Bakken Formation, which stretches across 25,000 square miles from northeastern Montana across northwestern North Dakota and up into the southern region of Saskatchewan.
The last USGS study, completed in 1995, estimated the Bakken Formation had 150 million barrels of undiscovered technically recoverable oil. Thirteen years later, [...]

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 [...]

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 [...]

Native American Energy Group, Inc. , a publicly traded, independent oil & gas exploration, development, and production company is pleased to announce the successful enhancement, reactivation, and completion of its first two oil wells.
NAEG field operations have resulted in the successful revitalization of the Tribal 7-A and COX 7-1 wells located on the Fort Peck [...]