Frank Manheim believes that understanding the origin of conflict between environmentalists and the oil and gas industry could help break the political stalemate over offshore drilling. Manheim, a retired geochemist and part-time instructor at George Mason University, says that Virginia, because of the General Assembly’s support for offshore drilling, could...
A shale formation under western North Dakota holds the biggest continuous oil deposit in the lower 48 states, the U.S. Geographical Survey has determined. The Bakken shale formation, 10,000 feet beneath the Williston Basin, holds 4.3 billion barrels of oil, the Thursday report said. The estimate includes what the USGS believes...
Rolland Energy Inc., an emerging junior oil and gas producer, announced today that it has acquired additional oil and gas assets adjacent to its Woodnorth properties where the Company currently has seven producing wells. The assets were purchased form Graceland Resources Ltd. and include a suspended well, a small...
Wachovia Capital Markets analyst Tom Curran says Allis-Chalmers Energy’s drilling and completion operations in Argentina are being impacted by a labor dispute between labor unions and oil companies. “Our source said that, thus far, the strike has prevented Allis-Chalmers from driving to certain locations and delivering equipment, but did not...
The U.S. Geological Survey has released an assessment of the Bakken Formation, which stretches across 25,000 square miles from northeastern Montana across northwestern North Dakota and up into the southern region of Saskatchewan. The last USGS study, completed in 1995, estimated the Bakken Formation had 150 million barrels of undiscovered...
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