SOURCE: Industrial Info Resources

Industrial Info Resources

October 27, 2011 06:40 ET

Bakken Formation Has More Oil and Gas Than Prudhoe Bay, CEO Claims, an Industrial Info News Alert

DENVER, CO--(Marketwire - Oct 27, 2011) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- The Bakken Shale hydrocarbon formation underneath North Dakota contains more oil and gas than Alaska's giant Prudhoe Bay field, Harold Hamm, the chief executive of Continental Resources Incorporated (NYSE: CLR) (Enid, Oklahoma), told about 350 attendees at a conference in Denver on Tuesday. "The Bakken is the biggest hydrocarbon find in years -- it basically doubles U.S. hydrocarbon reserves."

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