Bakken Shale Moves to Canada

The Bakken Shale has now grown to include Alberta Canada.  While testing the Exshaw Shale in South Alberta Canada, Murphy Oil (MUR) hit a big oil well in the Three Forks Interval in the Bakken Shale.

"So Southern Alberta, we drilled 6 wells, and we wrote off 5 of them. The sixth well is actually a pretty strong well. The thing you need to appreciate is it's actually not in the Exshaw. It's in the Three Forks. And so that's part of the logic for us in writing down the Exshaw. It's not that I don't think the Exshaw has potential. A couple of those wells I think gave us some encouragement, but this is a very nice well. And so I think our focus is shift it a little bit here."