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 [...]

Wavefront Energy and Environmental Services Inc., a leader in technology development and implementation for improved oil recovery and optimized groundwater remediation, announced that a Canadian conventional oil and natural gas producer, with gross revenues over $500 million, will apply Powerwave in an Alberta waterflood development. For reasons of confidentiality the client, agreement terms, and oil [...]

Baytex Energy Trust (TSX: BTE.UN) (NYSE: BTE) is pleased to announce that Anthony Marino, Chief Operating Officer will present at the 2007 Canadian Association for Petroleum Producers, Oil and Gas Investment Symposium on Monday, June 18, 2007 at 11:00 a.m. (MST) in Calgary, Alberta. The webcast (audio only) and presentation slides will be available on [...]

Canada’s oil-soaked sands are hot while natural gas drilling has cooled, illustrating the long-term nature of one business and shorter-term vulnerability to price swings of the other, analysts say.
“The economic life associated with these projects is measured in years, if not decades, as opposed to a 45-day gas well in Canada,” said Bill Herbert, co-head [...]

Micron Enviro Systems, Inc. wishes to announce that management is currently looking into the possibility of participating in joint ventures on uranium properties. Micron is currently, and will continue to be, focused on the acquisition and development in the Alberta Oil Sands, however if a project of merit is deemed to grow shareholder value then [...]

PrimeWest Energy Trust announces that it is filing its Statement of Reserves Data and other Oil and Gas Information on Form 51-101F1 (the “Statement of Reserves”), the Report on Reserves Data by GLJ Petroleum Consultants Ltd. on Form 51-101F2 and the Report of Management and Directors on Reserves Data on Form 51-101F3, with the Canadian [...]

Enterra Energy Trust announces that a cash distribution of US$0.06 per trust unit will be paid on March 15, 2007 in respect of the February 2007 production. The distribution will be paid in U.S. funds to unitholders of record at the close of business February 28, 2007. The ex-distribution date is February 26, 2007.
For [...]

Micron Enviro Systems, Inc. is extremely pleased to announce that it has been notified by the operator that the seismic operations are now complete and the data is being assessed. The seismic data, combined with the core sample, will be interpreted with the evaluation on this first test hole finished shortly. The operator stated, [...]

Enterra Energy Trust announces that a cash distribution of US$0.06 per trust unit will be paid on February 15, 2007 in respect of January 2007 production. This reduction from the distribution of US$0.12 per unit paid in each of the last six months is consistent with Enterra’s policy of maintaining a conservative payout ratio in [...]

Sinclair Oil Corp. has entered a long-term contract to market “ultra-low-sulfur” diesel fuel derived from a coal-to-liquids plant still in the planning stages in Wyoming.
Medicine Bow Fuel & Power LLC, a subsidiary of DKRW Advanced Fuels LLC, plans to build a coal-to-liquids processing facility in Carbon County with an output capacity of 13,000 barrels per [...]