Sunday, October 25, 2009

Bakken: News

Most news in "the Bakken" has to do with news in general regarding the oil industry in North Dakota. Only new information specific to the Bakken will be played on this page and thus I doubt much will be posted on this page.


January 24, 2010:  Slawson remains one of the more interesting operators in the Bakken. Shares not publicly traded.

December 13, 2009: A "penny-stock" company is jumping into the Bakken fray. Ticker symbol CAVR.PK and recent price about 20 cents. Buying acreage in northeast Montana, looking for discovery well. The article is interesting for comments on "the Bakken," not necessarily as an investment.  UPDATE: On Thursday, Jan 21, 2010, share price was down to 10 cents; the next day, Friday, Jan 22, 2010, the price slid another three (3) cents. January 24, 2010.

December 7, 2009:  This is pretty incredible. Three oil companies are pursuing either the Bakken or the formation directly under the Bakken (Birdbear?) as far west as Browning, Montana. This is all the way over to the Rocky Mountains. The three oil companies: Newfield, Anschutz, and Rosetta Resources.

November 27, 2009: United States crude oil production for 2009 is on target to have its biggest one-year jump since 1970, according to a Platts analysis of industry data. With U.S. oil production averaging 5.268 million barrels per day (b/d) through October, the gain in U.S. output will be the most since the country produced 9.637-million b/d in 1970, which turned out to be the peak year of U.S. crude output. The article attributes much of this gain to the Bakken

November 16, 2009: North Dakota oil production projected to be 350,000 barrels of oil per day in 2010.

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