The U.S. Geologic Survey’s (USGS) assessment of the Williston Basin’s Bakken Shale and Three Forks formation in North Dakota, Montana and South Dakota, which combined was estimated at 7.4 billion bbl of technically recoverable oil, is “very conservative,” according to North Dakota’s chief oil and gas regulator.
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Halliburton More Optimistic on North American Land
Halliburton Co., the No. 2 global oilfield services provider, is beginning to see some blue skies in North America this year and going into 2014, CEO Dave Lesar said Monday.

Comstock Feels Transition Pains on Way to Oil
By building positions in the Eagle Ford Shale and the Permian Basin, Comstock Resources Inc. has been Texas two-stepping away from nearly all dry gas production to oil, but the dance hasn’t always been graceful, as fourth quarter results show.
Rig Technology Demand Drives National Oilwell Varco Profits
National Oilwell Varco Inc. (NOV), the largest U.S. oilfield equipment manufacturer, on Tuesday posted higher than expected quarterly profits, in part on rig technology orders, which jumped 26% in the period.
Regulator: Eagle Ford Needs Its Own Task Force
In the early days of Barnett Shale drilling in North Texas it would have been nice to have better communication among area residents, municipal governments, regulators and energy companies, Railroad Commission of Texas (RRC) Commissioner David Porter told NGI. To make that happen in the fast-emerging Eagle Ford Shale of South Texas, Porter would like to see a task force focused on the play.
Regulator: Eagle Ford Needs Its Own Task Force
In the early days of Barnett Shale drilling in North Texas it would have been nice to have better communication among area residents, municipal governments, regulators and energy companies, Railroad Commission of Texas (RRC) Commissioner David Porter told NGI’s Shale Daily. To make that happen in the fast-emerging Eagle Ford Shale of South Texas, Porter would like to see a task force focused on the play.
Quebec’s BAPE Given Extension for Shale Review
Quebec’s environmental bureau has been granted a brief extension to complete a report on the impact that increased Utica Shale development would have on the province.
NARUC Supports Efficiency, Says Leave Decoupling to the States
Energy efficiency is no longer considered just a “nice thing to do for society” and is now considered “a real resource,” even a “fifth fuel,” National Association of Regulatory Utility Commissioners (NARUC) President Jim Kerr told Congress last Monday.
Chesapeake CEO Turns From Bashing Coal to Boosting Gas
Chesapeake Energy CEO Aubrey McClendon — whose company recently helped bankroll a controversial anti-coal advertising campaign — has only nice things to say about natural gas. And he’s formed a new foundation and hired Denise Bode away from the Oklahoma Corporation Commission (OCC) to help spread the gospel that North American gas is the answer to carbon dioxide-intensive power generation.
Chesapeake CEO Backing Group to Promote Gas-Fired Generation
Chesapeake Energy CEO Aubrey McClendon — whose company recently helped bankroll a controversial anti-coal advertising campaign — has only nice things to say about natural gas. And he’s formed a new foundation and hired Denise Bode away from the Oklahoma Corporation Commission (OCC) to help spread the gospel that North American gas is the answer to carbon dioxide-intensive power generation.