Oil Boom and a Kidnapping Alter Montana Town

CALGARY — Nobody can say with any certainty exactly how much oil is embedded in dense rock buried thousands of metres underneath frozen tundra in the central Mackenzie Valley. But John Hogg, vice-president of exploration and operations at Calgary-based MGM Energy Corp., figures the so-called Canol shale in the Northwest Territories could hold “billions and billions of barrels” of light, sweet crude. If it all works the way we think it will, we think this play is as viable as any of the major plays in Canada or North America

CALGARY — Alberta’s landlocked bitumen reserves stand to lose their allure as China’s state-backed oil giants pour money into the light oil renaissance underway in pockets of the United States.

North Dakota pumped another record amount of oil in the month of September, producing more than 10 million barrels in a single mon

It wouldn’t be too far off to say that Oklahoma won World War I. That is, the majority of fuel that powered the ships, planes and tanks for U.S. forces came from the Sooner state’s oil patch. Without that fuel, maybe the Western Front falls. Hey, crazier things have happened. Today, underneath the fields that supplied crude oil for WWI, lies Oklahoma’s second wave of oil riches. And although this oil may not win our country a hot war overseas, it’ll surely help win a few battles for the American economy. Here’s how to get your share…

North Dakota oil production has doubled in two years.

Most people associate the huge Bakken oil field with North Dakota... but did you know the Bakken was actually discovered to the north in Montana?Drilling equipment and crews are moving “back home” from North Dakota—where the Bakken Boom has been the Biggest.  In fact Montana’s rig count has grown to 22 from just eight at this time last year.

CALGARY — Canadian Pacific Railway Ltd., fresh from a tumultuous year of management and board shakeups that saw veteran railroader Hunter Harrison installed as chief executive officer after a bitter proxy battle, is hitching a ride on the great U.S. petroleum revival.