Houston’s Enbridge Energy Partners LP and Enbridge Income Fund in Calgary have launched a joint project to expand crude oil pipeline capacity to accommodate rapidly growing production in the Bakken and Three Forks formations in North Dakota and Montana in the US and the Canadian provinces of Saskatchewan and Manitoba.

XTO Energy Inc., now a subsidiary of ExxonMobil, has concluded completion operations on the Mondak Federal #11X-14H well in the Bakken shale formation and has placed the well on production.

ONEOK Partners LP (NYSE: OKS) plans to build nearly $595 million to $730 million of natural gas liquids (NGL) projects between now and 2013.

Houston-based Oasis Petroleum Inc. – who has amassed a 300,000 net acreage position within the Bakken shale in North Dakota and Montana, has raised $396 million in its initial public offering.

Billings, Montana-based Voyager Oil & Gas Inc. has recently purchased acreage acreage in the Williston Basin targeting the Bakken shale.

Tulsa, OK-based ONEOK Partners LP, one of the largest publicly traded master limited partnerships, plans to invest nearly $405 million to $470 million between now and the end of 2011 for projects in two shale plays, the Bakken Shale in the Williston Basin in North Dakota, and the Woodford Shale in Oklahoma.

Since January 2009, the oil–to–gas pricing ratio has averaged 15:1, and it doesn't appear as if this will change anytime soon.

North Dakota’s February Bakken lease sale raised $47 million, the second-highest amount in the state's history.

Independent oil and gas company GeoResources Inc. and Resolute Energy Corp. have entered into announced a joint venture project to develop acreage in the Bakken Shale Trend of North Dakota.

While Marathon Oil Corp.’s $5.1 billion 2010 CAPEX budget is 17% lower than last year, the company plans to advance its resource plays, including those in the Marcellus, Woodford, and Haynesville, and Bakken shales.

American Oil & Gas Inc. has increased its working interest in the Bakken shale with separate transactions with Teton Energy Corp. and privately-held Evertson Energy Partners.

In an effort to fund its revised capital expenditure program for 2009, including restarting its operated Bakken and Three Forks drilling program in the Williston Basin, Brigham Exploration Co. has commenced an underwritten public offering of 30,000,000 shares of common stock with a 30-day option for underwriters to purchase up to 4,500,000 additional shares of common stock. A portion of the proceeds will also go to paying down the outstanding borrowings under its senior credit facility.