Category Archives: Duvernay Shale

Busting The “Canadian Bakken” Myth | OilPrice.com

The financial pages of Canadian newspapers have been full of headlines lately announcing the potential of two large shale oil fields in the Northwest Territories said to contain enough oil to rival the Bakken Formation of North Dakota and Montana.

The report by Canada’s National Energy Board (NEB) evaluated, for the first time, the volume of oil in place for the Canol and Bluefish shale formations, located in the territory’s Mackenzie Plain. It found the “thick and geographically extensive” Canol formation is expected to contain 145 billion barrels of oil, while the “much thinner” Bluefish shale contains 46 billion barrels.

via Busting The “Canadian Bakken” Myth | OilPrice.com.

The Massive Oil Field Nobody Is Talking About : Duvernay Shale

Over the past few years a handful of energy majors have quietly acquired large tracts of land in a little known Alberta shale play. 

Early estimates suggest that this field could contain 62 billion barrels of oil…large enough to rival the Texas Eagle Ford and the North Dakota Bakken. 

And their bet is starting to pay off. Many of the area\’s big leaseholders just reported incredible numbers from their exploration in the region. And this is only the beginning.

via The Massive Oil Field Nobody Is Talking About – DailyFinance.