L6NRG owns Lands in Wyoming Uinta County (Uinta Basin) and is acquiring lands in the Williston Basin within the Bakken formation.
The Bakken formation covered parts of East & Northeast Montana, North & South Dakota, Saskatchewan and Manitoba.
The Bakken field holds an estimated 7.3 billion barrels of oil according to the USGS.
7.4 Billion Barrels of Recoverable Oil
On April 30, 2013, the United States Geological Survey (USGS) released an updated oil and gas resource assessment for the Bakken Formation and a new assessment for the Three Forks Formation in North Dakota, South Dakota and Montana. The assessments found that the formations contain an estimated mean of 7.4 billion barrels of undiscovered, technically recoverable oil. The updated assessment for the Bakken and Three Forks represents a twofold increase over what has previously been thought.
The Three Forks formation lies below the Bakken in many of the same areas in Montana and North Dakota. It is a thicker and more extensive horizon than the Bakken, extending further east across North Dakota, further west into Montana, and as far south as South Dakota.
L6NRG focuses its efforts in the Williston Basin, one of America’s most prolific oil producing regions and home to the Bakken and Three Forks oil plays. The area is ideal for leveraging the Company’s strengths, including:
Acreage footprint of approximately 6,600 net mineral acres in the heart of the Bakken and Three Forks oil plays in Montana.
According to Drilling Edge, an Analyst research company that obtain all relevant oil and gas data from respective state and local government, there are 328 drilling Operators in Montana from large multi-billion operations to smaller size company. A large choice of operators allows L6NRG to lower its costs of operations.