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New USGS oil and gas assessment for Bakken and Three Forks formations boosts estimates of recoverable oil two-fold, natural gas three-fold

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The United States Geological Survey (USGS) released an updated oil and gas resource assessment for the Bakken Formation and a new assessment for the Three Forks Formation in North Dakota, South Dakota and Montana, resulting in a two-fold increase in the estimated technically recoverable oil, and a three-fold increase in estimated natural gas.

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Study finds high sodium bicarbonate concentrations in water from coal-bed natural gas production harms aquatic life; water treatment can mitigate effects

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Produced water from coal-bed natural gas (CBNG) production may contain sodium bicarbonate (NaHCO 3 ) at concentrations that can harm aquatic life, according to a new study by the US Geological Survey; Montana Fish, Wildlife and Parks; the Bureau of Land Management and the US Environmental Protection Agency.

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NSF announces $55M toward national research priorities; intersection of food, energy and water systems

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The National Science Foundation (NSF) has made 11 awards totaling $55 million aimed at building research capacity to develop new innovations at the intersection of food, energy and water systems and to address fundamental questions about the brain. Research at the nexus of food, energy and water. Montana State University.

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Harvard Kennedy School researcher forecasts sharp increase in world oil production capacity and risk of price collapse

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World oil production capacity to 2020 (crude oil and NGLs, excluding biofuels). Oil production capacity is surging in the United States and several other countries at such a fast pace that global oil output capacity could grow by nearly 20% from the current 93 million barrels per day to 110.6 Source: Maugeri 2012.

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ExxonMobil Pipeline Co. expanding cleanup operations in Yellowstone River

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ExxonMobil Pipeline Company (EMPC) said it is expanding its clean up operation following a release of an estimated 750–1,000 barrels of crude oil into the Yellowstone River in Montana from the company’s Silvertip pipeline. Montana refining. The Montana Refining Company in Great Falls has invested.

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Major spill from the ExxonMobil Pegasus pipeline in Arkansas

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A breach in ExxonMobil’s Pegasus crude oil pipeline occurred late Friday afternoon near Mayflower, AR (about 20 miles north northwest of Little Rock and at the southeastern end of the Lake Conway reservoir). Efforts are being made to keep oil away from Lake Conway. Route of the Pegasus pipeline. Source: ExxonMobil. Click to enlarge.

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Opinion: The Dark Side Of The Shale Bust

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The fallout of the collapse in oil prices has a lot of side effects apart from the decline of rig counts and oil flows. Williston is coping with $300 million in debt after having leveraged itself to buildup infrastructure to deal with the swelling of people and equipment heading for the oil patch.