Western Standard Energy Corp. is an independent oil and gas exploration company focused on providing domestic energy resources for a secure America. By teaming with partners and third-party service companies that are willing to incur the majority of costs and work associated with the exploration and drilling process, Western Standard is able to retain a lean corporate structure that favors increased return on investment.

One of those partnerships is the newly signed agreement with East Dickenson Oil and Gas Co. The agreement covers a package of 10 State of North Dakota oil & gas exploration leases in and around Dickinson, North Dakota. The new leases effectively add around 750 net acres to the company’s exploration assets. All the Leases have a 1/8 royalty to the State of North Dakota, with the exception of two of the Leases, which have a 1/6 royalty.

The U.S. Energy Information Administration projects world consumption of

Earlier this year the United States Geological Survey, a government department, released a report that said the area known as the Bakken Formation in North Dakota and Montana could yield between 3 to 4.3 billion barrels of oil.

That is 25 times more than the USGS had estimated in 1995. In contrast, ANWR is estimated to have a recoverable yield of about 11 billion barrels of oil.

“New geologic models applied to the Bakken Formation, advances in drilling and production technologies, and recent oil discoveries have resulted in these substantially larger technically recoverable oil volumes,” a USGC news release states.

The Bakken Formation estimate is larger than all other current USGS oil assessments of the lower 48 states combined. However, the potential of off-shore drilling — this week approved by Congress in select areas - is not under the purview of the USGS.

Western-Standard Energy Corp. (OTCBB: WSEG) is one company that seems

Western Standard Energy Corp., (OTCBB: WSEG) has hired Tim Turner as vice-president of its Land division. Starting at Exxon in 1980, Turner’s career spans 28 years through upstream oil and gas and business consulting services in Texas, throughout the United States, and internationally. He worked for Exxon Company, in New Orleans, La., and for Phillips Petroleum in Houston, Texas.

For the last 13 years, Turner, a certified Landman, has led the oil industry-consulting firm, Tim Turner & Associates, LLC. Clients there include Gazprom, Pemex, PDVSA and Saudi Aramco, as well as other major, independent and international oil and gas producers.

“We plan to expand the business through joint venture partnerships, developing our vast portfolio of exploration assets in Montana and North Dakota, and through the acquisition of producing assets,” said Dan Bauer, Western Standard president and CEO. “Tim’s knowledge and experience on the business side will prove to be invaluable in that

Western Standard Energy (WSEG) is an exploration-stage oil firm focused on extracting crude oil and natural gas from the Bakken Formation that runs through Montana, North Dakota and Canada. The area is believed to hold some of the largest reserves of crude oil in the North America, after Alaska’s Prudhoe Bay and the oilfields of West Texas. In fact, it is speculated that there are potentially 503 billion barrels of oil on 25,000 square miles of the Bakken Formation. That amount surpasses Saudi Arabia’s reserves by five times and is believed to be over 200 times the total known reserves in the U.S.

Western Standard is currently engaged in a natural gas project in Montana and an oil project in North Dakota. The combined value of the two projects is estimated to be almost $2.9 billion. In North Dakota, the company has seven prospects in an area known as the Lodgepole

Western Standard Energy Corp. (WSEG) is an independent oil and gas exploration company working toward providing domestic energy resources to the United States. The company is concentrating its exploration efforts to properties within the Bakken Formation region. Western Standard is currently working on two oil and natural gas projects: Starbuck East Prospect in Montana and Lodgepole Reef Prospect in North Dakota.

The U.S. Geological Survey (USGS) performed an initial assessment of the Bakken Formation in 1995. The USGS revisited the area and release its latest findings in April, 2008. New analysis indicates that the Bakken Formation may represent one of the largest domestic oil and gas opportunities in U.S. history. The USGS report estimates that the U.S. portion of the Bakken represents 3 trillion cubic feet (TCF) of natural gas and up to 4.3 billion barrels of recoverable oil, which is the largest continuous type of oil accumulation the USGS has