Bakken Formation Has More Oil and Gas Than Prudhoe Bay, CEO Claims

DENVER, COLORADO--October 26, 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."