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State Department issues Draft Supplemental Environmental Impact Statement on Keystone XL Pipeline: climate change impacts

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Conventional (deep) crude reservoirs require higher energy intensive secondary and tertiary production techniques as the reservoirs deplete and as water cut of the produced reservoir fluids increases, and even the best recovery techniques capture less than 50% of the original oil in place.

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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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Brigham, based in Austin, Texas, has a strong position in the Bakken and Three Forks tight oil plays in the Williston Basin in North Dakota and Montana. By mapping the location of small seismic events that are associated with the growing hydraulic fracture, the approximate geometry of the fracture is inferred.

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