Exploration & Processing - Winter 2011 - (Page 103)

BY KATHRYN JONES AMERICAN OIL & GAS – THE GOLIATH PROJECT Partnering with Halliburton has given American Oil & Gas the expertise it needed to give the Bakken play in the Williston Basin another chance. WITH HELP FROM HALLIBURTON, AMERICAN OIL & GAS IS FINDING SUCCESS WITH ITS GOLIATH PROJECT IN THE WILLISTON BASIN OF THE BAKKEN OIL FORMATION. AN IDEAL PARTNERSHIP I n April 2008, the U.S. Geological Survey released its reassessment of the recoverable oil potential in the Williston basin of the Bakken formation of North Dakota and Montana estimating that up to 3.7 billion barrels of recoverable oil lay undiscovered in this notoriously difficult shale formation, thus making it the largest oilfield in the United States outside of Alaska. Prominent industry players such as Denver’s American Oil & Gas and its Australian minority interest partner Sundance Oil & Gas already were well aware of the oil play’s potential, having been drilling on site as early as 2007. The two control close to 100,000 acres of the play at present. But working with limited resources and technology at the time, the project needed maturing, American Oil & Gas Vice President Peter Loeffler says. “We were early into the Williston basin targeting the Bakken play on the western flank of the North Dakota side of the basin,” Loeffler recalls. “We drilled a well early in the play, but did not use the most ideal completion techniques. Although it was successful, it was not economic at the time.” A combination of new technologies and methodologies derived by Houstonbased Halliburton enabled American Oil & Gas to give the play a second chance. The two companies joined forces in late 2009, reapplied new technology to drilling and completing in the formation and reached a successful outcome. “It was a very WINTER 2011 COMPANY PROFILE American Oil & Gas – The Goliath Project www.americanog.com 2010 budget: $60 million Location: Williston basin, Bakken oil formation, North Dakota targeting up to 1,000 net barrels of oil per day this year Scope: Three-rig drilling program Peter Loeffler, vice president: “It was a very ideal merger of the technical know-how from the Halliburton side with the assets and ownership on the American Oil & Gas side.” EXPLORATION-PROCESSING.COM | 103 http://www.EXPLORATION-PROCESSING.COM

Table of Contents for the Digital Edition of Exploration & Processing - Winter 2011

Exploration & Processing - Winter 2011
Redefining Refining
Synfuels Success
A Natural Solution
After the Fallout
Uranium on the Rise
Galleon Energy Inc.
Gibraltar Mines Ltd.
The Municipal Group of Companies
Selwyn Resources Ltd.
Redmond Minerals Inc.
Copper Fox Metals
Henry Resources
OFM Pump Inc.
Sunshine Oilsands Ltd.
Pacific Rubiales Energy Co.
Thermo Design Engineering
Alexco Resource Corp.
North American Palladium
Mammoet Canada Eastern Ltd.
KSM Inc.
Industrial Equipment Manufacturing Ltd.
Flexpipe Systems
Guyana Goldfields Inc.
Flotek Industries Inc.
Dominion Terminal Associates
Compressor and Engine Service LLC
BEHR Energy Services Ltd.
LoneStar Energy Fabrication
American Oil & Gas – The Goliath Project
Alberta Oilsands Inc.
Southern Petroleum Laboratories Inc.
Cochrane Technologies Inc.
Crystal Flash Energy
Energold Drilling Corp.
Esperanza Resources Corp.
Explorator Resources Inc.
Rush Sales Co.
Kimber Resources Inc.
Nelson Bros. Oilfield (1997) Services Ltd.
Gulf Copper and Manufacturing
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Exploration & Processing - Winter 2011