A new government study released today estimates that the amount of recoverable oil in the Bakken Formation in North Dakota, South Dakota and Montana (see map above) – at 7.4 billion barrels – is more ...

As defined by the U.S. Geological Survey (USGS), heavy oil is a type of crude oil characterized by an asphaltic, dense, viscous nature (similar to molasses), and its asphaltene (very large molecules ...

Exploration and production companies should target traps above Potwar basin’s Lockhart formation to increase oil and gas production. Source-rock sedimentology for Potwar basin, host to most of ...

Tight gas reservoirs are characterized by narrow pores and throats, abundant clay minerals, and developed fractures. These lead to severe formation damage during drilling, negatively affecting ...

SINGAPORE/BEIJING, Aug 25 (Reuters) - China National Petroleum Co (CNPC) said on Wednesday it plans for new shale oil production from formations within the area of the existing Daqing oilfield that ...