An oil tax increase this summer is unlikely to slow drilling in western North Dakota’s promising Bakken oil shale, which is leading the state toward an oil production record, industry officials say.
Prices that have soared above $120 a barrel will make the tax increase easier to tolerate, said Jeff Herman, of [...]

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 [...]

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 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 [...]

Coastal Petroleum Company has signed a farmout agreement with two other oil and gas companies to drill a twin well to Montana’s only producer from the Lodgepole Formation.
Under the Agreement, Coastal acquired the right to drill the twin to the Evaline 1-18 well located in Section 18, Township 30 North Range 45 East in Valley [...]