Sentences with phrase «bakken oil formation»

Since 2008, he's called practically every major shale play before the mainstream press got wind of them — including the now - famous Bakken oil formation and the companies that have raked in billions in profits for their shareholders.

Not exact matches

The largest oil producer in North Dakota's Bakken shale formation posted a net profit of $ 15 million, or 16 cents per share, in the quarter ended March 31, compared with a loss of $ 87 million, or 96 cents per share, a year earlier.

Workers with Raven Drilling line up pipe while drilling for oil in the Bakken shale formation outside Watford City, North Dakota.

Getty Images Floor hands work on an oil rig in the Bakken shale formation outside Watford City, North Dakota.

His company, Knightsbridge Risk Management, a private security firm in Dallas that serves the oil and gas industry, is getting calls from companies that want to plan ahead in case they shut down drilling operations in North Dakota and the Bakken shale formation.

The boom in unconventional fuels — such as bitumen extracted from Alberta's tar sands and oil extracted from North Dakota's Bakken shale formation by hydraulic fracturing («fracking»)-- has swelled global reserves even as climate scientists issue ever - sterner warnings that burning more than a small fraction of these reserves would be suicidal.

Rival Whiting Petroleum Corp, the biggest producer in North Dakota's Bakken formation, will stop fracking new wells by the end of March, but would «consider completing some of these wells» if oil reached $ 40 to $ 45 a barrel, Chairman and CEO Jim Volker told analysts.

For example, North Dakota's Bakken + Three Forks formations are estimated (as of 2013, USGS) to have a mean of 7.4 billion recoverable barrels, making total oil in those formations only about a year's worth of U.S. dependence.

Roosevelt, which lies in the heart of the Bakken shale formation, is surrounded by oil and gas development.

Certainly the area, part of a huge oil and gas field called the Bakken formation, contained things that were worth searching for.

Yet another train carrying volatile crude oil from the Bakken shale formation in North Dakota derailed yesterday, this time in northwestern Illinois near the historic tourist area of Galena overlooking the Mississippi River.

The recent growth in unconventional oil production from the Bakken (North Dakota), Eagle Ford (Texas) and other tight oil plays has drawn attention to the potential of shale in California's Monterey Formation.

In many respects, North Dakota has been the top success story in the U.S. over the past couple of years, thanks to the huge impact of oil and gas development in the Bakken shale formation.

Oil from the Bakken shale formation is one reason why North Dakota has one of the lowest unemployment rates in the nation, at 3.2 percent in June.

In any case, I and a few others will continue to use mathematical models of fossil fuel depletion to anticipate what the future production levels of place such as the Bakken formation hold for oil and natural gas.

Their analysis revealed localized methane hot spots near North Dakota's Bakken formation and the Eagle Ford formation in Texas, which appeared after oil and gas production ramped up starting in 2009.

Methane hot spots were detected in the atmosphere near North Dakota's Bakken formation and the Eagle Ford formation in Texas after oil and gas production ramped up starting in 2009.

A peer - reviewed, satellite - based study published in 2014 found a significant increase in methane emissions from North Dakota and Texas where oil and gas production from the Bakken and Eagle Ford formations had been expanding rapidly.

Oil production in North Dakota's Bakken Shale formation has increased 40-fold between 2007 and mid-2013, from 18,500 to 760,000 barrels per day, according to a recent report by Ceres, a nonprofit organization focused on sustainability.

But for potential foreign purchasers of that oil, the key question is how much extra it will cost to extract the dirty compounds in Alberta bitumen so that its quality matches export oil being produced at high - grade, low - cost US shale formations like the Bakken, Permian, and Eagle Ford.

Oil discoveries in the Bakken Formation have led to rapid industrial development and job creation» Credit: Tom Reichner / Shutterstock.com

According to the Bureau of Labor and Statistics, thanks to the Bakken formation and the oil boom, trucking and other transportation services related to the oil and natural gas industries have nudged North Dakota's unemployment rate to an all - time low of 2.6 percent.