The Bakken Landscape

Posted by bakken

Lately, there has been a lot of news about “The Bakken Formation” as it related to oil and the seemingly parabolic price curve oil has taken. This formation was described by geologist J.W. Nordquist in 1950′s as a rock unit occupying a substantial part of the Williston Basin in Montana, North Dakota and Saskatchewan.

It is estimated that there are significant reservoirs of oil shale a few miles beneath the Bakken’s 200,000 square miles (520,000 km²). These reservoirs were first discovered in 1951, but have long frustrated efforts to extract oil due to the huge capital expenditure and technical complexity required to do so.

An April 2008 USGS report estimated the amount of technically recoverable in the Bakken Formation at 3.0 to 4.3 billion barrels and informal estimates in the 10 of billions of barrels. The state of North Dakota also released a report that month which estimated that there are 2.1 billion barrels of technically recoverable oil in the Bakken.

This online publication is dedicated to tracking stocks that are poised to benefit directly and indirectly from the Bakken Formation and the oil that can be derived from it. In our opinion, there are a number of companies currently drilling or leasing in the Bakken Formation that could easily double or triple in value in the next 1-2 years.  There are a number of companies operating in this space that we follow:

• Northern Oil and Gas (NOG)
• Kodiak Energy (KDKN)
• Kodiak Oil and Gas (KOG)
• Continental Resources (CLR)
• Brigham Exploration (BEXP)
• EOG Resources (EOG)

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