Bakken Formation Stocks List

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Recent Signals

Date Stock Signal Type
2020-07-09 ANFC Wide Range Bar Range Expansion
2020-07-09 ANFC Stochastic Sell Signal Bearish
2020-07-09 ANFC Slingshot Bullish Bullish Swing Setup
2020-07-09 BKEN Narrow Range Bar Range Contraction
2020-07-09 BKEN Stochastic Reached Oversold Weakness
2020-07-09 BWTX Crossed Above 20 DMA Bullish
2020-07-09 BWTX Crossed Above 50 DMA Bullish
2020-07-09 BWTX Crossed Above 200 DMA Bullish
2020-07-09 BWTX Stochastic Buy Signal Bullish
2020-07-09 BWTX MACD Bullish Signal Line Cross Bullish
2020-07-09 MNVWF Narrow Range Bar Range Contraction
2020-07-09 MNVWF 1,2,3 Pullback Bullish Bullish Swing Setup
2020-07-09 PDGO Narrow Range Bar Range Contraction
2020-07-09 PDGO Bollinger Band Squeeze Range Contraction
2020-07-09 UNRG Fell Below 200 DMA Bearish
2020-07-09 UNRG Upper Bollinger Band Walk Strength

The Bakken Formation is a rock unit from the Late Devonian to Early Mississippian age occupying about 200,000 square miles (520,000 km2) of the subsurface of the Williston Basin, underlying parts of Montana, North Dakota, Saskatchewan and Manitoba. The formation was initially described by geologist J.W. Nordquist in 1953. The formation is entirely in the subsurface, and has no surface outcrop. It is named after Henry Bakken, a farmer in Tioga, North Dakota, who owned the land where the formation was initially discovered, during drilling for oil.Besides the Bakken formation being a widespread prolific source rock for oil when thermally mature, significant producible oil reserves exist within the rock unit itself. Oil was first discovered within the Bakken in 1951, but past efforts to produce it have faced technical difficulties.
In April 2008, a USGS report estimated the amount of recoverable oil using technology readily available at the end of 2007 within the Bakken Formation at 3.0 to 4.3 billion barrels (680,000,000 m3), with a mean of 3.65 billion. Simultaneously the state of North Dakota released a report with a lower estimate of 2.1 billion barrels (330,000,000 m3) of technically recoverable oil in the Bakken. Various other estimates place the total reserves, recoverable and non-recoverable with today's technology, at up to 24 billion barrels. A recent estimate places the figure at 18 billion barrels. In April 2013, the U.S. Geological Survey released a new figure for expected ultimate recovery of 7.4 billion barrels of oil.The application of hydraulic fracturing and horizontal drilling technologies has caused a boom in Bakken oil production since 2000. By the end of 2010, oil production rates had reached 458,000 barrels (72,800 m3) per day, thereby outstripping the pipeline capacity to ship oil out of the Bakken. There is some controversy over the safety of shipping this crude oil by rail due to its volatility.This was illustrated by the 2013 Lac-Mégantic rail disaster, in which a unit train carrying 77 tank cars full of highly volatile Bakken oil through Quebec from North Dakota to the Irving Oil Refinery in New Brunswick derailed and exploded in the town centre of Lac-Mégantic. It destroyed 30 buildings (half the downtown core) and killed 47 people. The explosion was estimated to have a one-kilometre (0.62 mi) blast radius.As of January 2015, estimates varied on the break-even oil price for drilling Bakken wells. The North Dakota Department of Natural Resources estimated overall break-even to be just below US$40 per barrel. An analyst for Wood McKenzie said that the overall break-even price was US$62/barrel, but in high-productivity areas such as Sanish Field and Parshall Oil Field, the break-even price was US$38-US$40 per barrel.

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