Bakken Stocks Directory Now at Investorideas.com Oil and Gas Stocks List

 

DELTA, B.C. March 19, 2010 ( Investorideas.com energy newswire) – www.Investorideas.com has recently added Bakken play stocks to the oil and gas stocks directory and reports on recent developments in the sector.

 

MDU Resources Subsidiary Announces Acreage Purchases in Bakken and Niobrara Formations

 

Mon Mar 15, 2010 -.BISMARCK, N.D.----Fidelity Exploration & Production Company, the wholly owned natural gas and oil production subsidiary of MDU Resources Group (NYSE: MDU), announced the acquisition of additional leasehold interests in the Bakken area of western North Dakota, and in the emerging oil shale play in the Niobrara formation in southeastern Wyoming and north-central Colorado.

 

The Bakken lease purchase includes approximately 40,000 net acres with the Three Forks play as the primary target. The acquired leases have three to five year primary terms and increase the company’s acreage position in the Bakken to approximately 56,000 net acres. In the Niobrara oil shale play, the company has signed an agreement to acquire approximately 27,000 net acres with five-year primary lease terms.

 

“These lease purchases broaden our position in the Rocky Mountain region and provide long term growth potential in two exciting oil plays,” said Terry D. Hildestad, president and chief executive officer of MDU Resources. Hildestad noted that Fidelity continues to look for other development opportunities throughout the Rocky Mountain Region to augment the company’s reserves and production.

 

 

Oil and Gas Stocks in US and Canada ; Bakken Stocks Directory

Preview :

 

Anterra Energy (TSX: AE-A.V) is an independent exploration, development and production company with an emerging focus on the use of advanced exploration technologies including 3-D imaging, horizontal drilling and multi-stage completions to systematically develop its portfolio of conventional and non-conventional oil and gas projects. The Company now holds a 15 2/3 section block (10,026 net acres) which is prospective for Bakken oil and Mississippian oil. Anterra plans a 3-D seismic program over the lands during the summer with drilling of the first Bakken well scheduled for the fall of 2010.

 

Arsenal Energy Inc. (TSX: AEI.TO) (FRANKFURT:A1E) Arsenal is a junior oil and gas company engaged in the exploration for, and development and production of, natural gas and oil reserves primarily in Alberta and North Dakota. Bakken Play Info   

 

Basic Earth Science Systems Inc. (OTCBB: BSIC) is an independent oil and gas exploration company. BSIC activities are intended to capitalize on presence in the North Dakota and Montana portions of the Williston basin, the Denver-Julesburg basin of Colorado, the southern portions of Texas, and along the on-shore portions of the Gulf Coast. Rocky Mountain Region Map

 

Brigham Exploration Company  (NasdaqGS: BEXP)  Brigham Exploration Company is an independent exploration, development and production company that utilizes advanced exploration, drilling and completion technologies to systematically explore for, develop and produce domestic onshore oil and natural gas reserves. Historically, exploration and development activities have been focused in the Onshore Gulf Coast, the Anadarko Basin and West Texas. Beginning in Late 2005, BEXP began to acquire acreage within the Willison Basin in North Dakota and Montana, and have since then have invested a total of $169 million in drilling, and seismic in this region. In late 2007, the majority of our drilling capital expenditures shifted from the historically active areas in the Onshore Gulf Coast, the Anadarko Basin and West Texas to the Williston Basin. BEXP is currently targeting the Bakken, Three Forks and Red River objectives. At present, BEXP has approximately 483,506 gross and 307,474 net leasehold acres in the Williston basin and have identified over 800 horizontal drilling locations on our acreage

 

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