Showing posts with label US Formations. Show all posts
Showing posts with label US Formations. Show all posts
Tuesday, April 5, 2011
Tuesday, March 29, 2011
Monday, March 28, 2011
Friday, March 25, 2011
Tuesday, March 22, 2011
Anadarko in $575.5m Colorado BP plant buy
Anadarko has agreed to pay BP $575.5m for the 93% interest in the Wattenberg processing plant that it doesn't already own.
The following link has the whole article from Upstream Online:
Anadarko in $575.5m BP plant buy - Upstream Online
The following link has the whole article from Upstream Online:
Anadarko in $575.5m BP plant buy - Upstream Online
Newfield Exploration acquires new assets in Uinta Basin
Newfield announced yesterday that they have signed two separate purchase agreements for a total of 70,000 net acres in the Uinta Basin. The mostly undeveloped acreage will border Newfields current acreage -Monument Butte. The transaction is expected to be finished in the second quarter 2011. A full report from Energy Pedia along with a map of the area can be found at the following link:
US: Newfield Exploration acquires Uinta Basin assets from Harvest Natural Resources
US: Newfield Exploration acquires Uinta Basin assets from Harvest Natural Resources
Continental Reources Accelerates Growth with help from Bakken Shale
Continental Resources (CLR) announced yesterday that they will move their headquarters to Oklahoma City in the second half of 2012. This movement will facilitate the growth plan for CLR set last year. As their operation grows (estimates of 35 to37 percent) they have plans to add an additional office in the Rocky Mountain region.
A full news release from Continental Resources can be found at:
Continental Resources Move to Oklahoma City
A full news release from Continental Resources can be found at:
Continental Resources Move to Oklahoma City
Mountainview Energy snaps up acreage in the Montana Bakken
Mountainview Energy has acquired a 12.5% working interest n 160 net acres of the Williston Basin. Mountainview also announced its participation with G3 Operating in drilling the Olson 1-21-16H. For further details please see the link below:
Mountainview Energy snaps up acreage - Upstream Online
Mountainview Energy snaps up acreage - Upstream Online
Tuesday, March 15, 2011
Monday, March 14, 2011
GMX Resources shows renewed commitment to Bakken & Niobrara acreage
GMX just announced that it has stepped up to the plate to further its exploration and development of the Bakken, Niobrara, and Haynesville/Bossier core areas. Company news reports that GMXR has added three new employees to its Land Department. In addition to the Land Managers added specifically to the Bakken and Niobrara acreage areas, GMXR is opening a regional office in Denver, CO that will serve as the working office for both shale plays. GMXR reports that the Denver office will be fully functional by the end of March.
For a full press release on this information please see the following link:
GMXR Investor Relations - Press Releases
For a full press release on this information please see the following link:
GMXR Investor Relations - Press Releases
Thursday, March 10, 2011
Oil and Gas Formations in the US
Anybody who has googled Eagle Ford or the Bakken formation knows there are several hits. Some of this information is solid facts, others however, are based on peoples' ideas and opinions. In an effort to provide facts to inform my readers, I have been putting together a list of major oil and gas formations in the United States.
This task however, runs into a few stumbling blocks. It seems that the list I propose could be endless!
So I have come up with the following plan to keep it under control. The USGS has a very extensive database of geologically based energy resources. With oil being almost always derived from this medium, there listing and organization of the formations makes the most sense to me.
The USGS calls their areas of study provinces. Some might see these as the basins that are commonly referred to within the oil and gas industry. As I continue to gather data and news throughout the energy industry, I will link field names, new plays, development areas, and geological formations back to these provinces. US Oil and Gas Formations - Energy Connections US Please feel free to comment or suggest references for my quest.
This task however, runs into a few stumbling blocks. It seems that the list I propose could be endless!
So I have come up with the following plan to keep it under control. The USGS has a very extensive database of geologically based energy resources. With oil being almost always derived from this medium, there listing and organization of the formations makes the most sense to me.
The USGS calls their areas of study provinces. Some might see these as the basins that are commonly referred to within the oil and gas industry. As I continue to gather data and news throughout the energy industry, I will link field names, new plays, development areas, and geological formations back to these provinces. US Oil and Gas Formations - Energy Connections US Please feel free to comment or suggest references for my quest.
Tuesday, March 8, 2011
Central Montana - Getting in on the Oil Action
Maybe the Boston Cabots have a lead on something way out in remote Montana.
Cabot Corp. has recently completed drilling on a well NE of Melstone, MT. Several producer/exploration companies are listening on the wire to hear of their results.
The new interest, the Heath formation. Many suggest this relatively small swath through MT is a mini-Bakken. Leasing activity in the area could be proof that major energy companies think there is reason to invest in that area.
Further information can be found at:
Billings Gazette-A piece of the oil action
Cabot Corp. has recently completed drilling on a well NE of Melstone, MT. Several producer/exploration companies are listening on the wire to hear of their results.
The new interest, the Heath formation. Many suggest this relatively small swath through MT is a mini-Bakken. Leasing activity in the area could be proof that major energy companies think there is reason to invest in that area.
Further information can be found at:
Billings Gazette-A piece of the oil action
Niobrara Formation Education - Energy on the Rocks
I just happened upon a link that looks to be a really good seminar. The Rocky Mountain Section of the AAPG (American Association of Petroleum Geologists) is doing a Niobrara focus for their 2011 annual meeting. They will be offering a field trips, core workshops, plenary session, and a core museum all focused on the Niobrara. From a glance at the schedule it looks to be a very informative look at the formation, geology behind the oil, and exploration movements in the area.
If you are interested in the 2011 Annual Meeting you can find out more at:
Rocky Mountain Section AAPG Annual Meeting -Niobrara Focus
If you are interested in the 2011 Annual Meeting you can find out more at:
Rocky Mountain Section AAPG Annual Meeting -Niobrara Focus
Thursday, March 3, 2011
Oil Boom- by Whatever Name You Call It "Rocken the Bakken"
Oil and Gas meets Rural America-
Williston Basin or Bakken Formation, which ever name you prefer, has demanded the attention of those who have the technology advances of horizontal drilling. The USGS calls it an "undiscovered, technically recoverable oil resource." It is by USGS assessment, completed in 2008, the largest oil accumulation in the lower 48. The residents of this tri-state area (MT/ND/SD) refer to the activity that has turned sleepy remote prairies in an ant hill, "Rockin' the Bakken".
If numbers are more to your liking then you might be interested in the following estimates provided by the USGS.
USGS Release: 3 to 4.3 Billion Barrels of Technically Recoverable Oil Assessed in North Dakota and Montana’s Bakken Formation—25 Times More Than 1995 Estimate— (4/10/2008 2:25:36 PM)
For more info on the Bakken one doesn't have to look far. Just google it or even check out ND Bakken on you tube. It has been very popular in the last few years. Other sites include:
http://pubs.usgs.gov/fs/2008/3021/
Million Dollar Way- All Bakken
ND Department of Minerals
MT Board of Oil and Gas
Williston Basin or Bakken Formation, which ever name you prefer, has demanded the attention of those who have the technology advances of horizontal drilling. The USGS calls it an "undiscovered, technically recoverable oil resource." It is by USGS assessment, completed in 2008, the largest oil accumulation in the lower 48. The residents of this tri-state area (MT/ND/SD) refer to the activity that has turned sleepy remote prairies in an ant hill, "Rockin' the Bakken".
If numbers are more to your liking then you might be interested in the following estimates provided by the USGS.
- Oil from Continuous Resources: 3.65 BBO
- Associated Gas: 1848 billion cubic feet
- Natural Gas Liquids: 148 MMB
- Oil from Conventional Resources: 4 million barrels of oil
USGS Release: 3 to 4.3 Billion Barrels of Technically Recoverable Oil Assessed in North Dakota and Montana’s Bakken Formation—25 Times More Than 1995 Estimate— (4/10/2008 2:25:36 PM)
For more info on the Bakken one doesn't have to look far. Just google it or even check out ND Bakken on you tube. It has been very popular in the last few years. Other sites include:
http://pubs.usgs.gov/fs/2008/3021/
Million Dollar Way- All Bakken
ND Department of Minerals
MT Board of Oil and Gas
Tuesday, January 25, 2011
01-25-11 Todays Mission- Current Oil and Gas Plays
I have started wondering about the oil and gas industry with my free time as of late. I realized in my pondering that even though I have worked the industry for 11 years, my overview of it is rather limited. So where to start my research project? For my purpose of staying up on the now, I decided to first learn where the current fields (formations in play) are located in the US.
One of my first resources for this is of course :National Oil and Gas Assessment - USGS
This site gives a nice break down of basins throughout the lower 48. From this interactive map you can get a fact sheet with the estimated volumes for each basin. I think this is a pretty nice tool for those who might be investigating their next investment.
In all the USGS has come up with 27 basins in the lower 48. Within each basin can be several formations to develop. My goal is to research these formations to better understand the size, potential, and interest in each.
Currently I am aware of a few that make the headlines daily: Bakken, Marcellus, and Eagle Ford just to name a couple that hit today. I however wonder if these are long term or if there is another undiscovered just waiting for its first hole to be punched.
One of my first resources for this is of course :National Oil and Gas Assessment - USGS
This site gives a nice break down of basins throughout the lower 48. From this interactive map you can get a fact sheet with the estimated volumes for each basin. I think this is a pretty nice tool for those who might be investigating their next investment.
In all the USGS has come up with 27 basins in the lower 48. Within each basin can be several formations to develop. My goal is to research these formations to better understand the size, potential, and interest in each.
Currently I am aware of a few that make the headlines daily: Bakken, Marcellus, and Eagle Ford just to name a couple that hit today. I however wonder if these are long term or if there is another undiscovered just waiting for its first hole to be punched.
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