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Norways Statoil to acquire Brigham Exploration for US$4.4B cash; entry into the US Bakken and Three Forks tight oil plays

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The Bakken is a prime US unconventional oil play, and is believed to be one of the largest, if not the largest, oil accumulation in the US. The tight oil is extracted in the same way as shale gas, through horizontal wells and hydraulic fracturing. In the Bakken formation, the oil is extracted from tight carbonate.

Oil 199
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USDA to award $25M for R&D for next-generation biofuels

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Camelina production will be incorporated into a cropping system with wheat-based crop rotations in Montana and Wyoming. Once harvested and processed, camelina oil and meal will be chemically converted to a variety of adhesives, coatings and composites. Ceramatec, Inc.,

Montana 231
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DOE awards $97M to 33 bioenergy research and development projects

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Montana State University. Alkaline Carbon Capture and Expression-Streamlined Spirulina Cultivated in Air for Reliable Bioproducts, Oil, and Nutrition. Integrated biochemical and electrochemical technologies (IBET) to convert organic waste to biopower via North American research and educational partnerships. Duke University.

Waste 186
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Final Project Agreements Signed for Many Stars 50,000 Barrel per Day CTL Project

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Expected to be operational in 2016, the project will convert 38,000 tons per day of Montana coal into 50,000 barrels per day (bpd) of synthetic diesel, jet fuel and naphtha.

Montana 150
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NSF Awards $40M in 20 Grants for Research on Natural Systems, Including 8 Projects for Obtaining Hydrocarbons from Plants and Microorganisms

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The group investigating the production of bio-hydrocarbons will produce hydrocarbons by pioneering processes for chemically converting plant material and by natural microbial and fungal processes that are even less-explored. They will also investigate methods for making hydrocarbon production fast, continuous, scalable, and cost-effective.

Grant 170
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First-of-a-Kind Field Test for Enhanced Coalbed Methane Recovery with Simultaneous CO2 Sequestration

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The center wells in the Upper Freeport seam have now been converted to CO 2 injection wells, and a Class II underground injection control permit was obtained from the West Virginia Department of Environmental Protection Office of Oil and Gas. These wells have been producing coalbed methane and water since 2004.