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


October 27, 2011 - DENVER, CO

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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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.

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Joe Govreau

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MarketWire

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