Our 2013 picks have gotten off to a great start this year with Oasis (
- A new report out this month from the Federal Reserve Bank of Minneapolis indicates that the Bakken oil boom is now five times larger than the area’s oil boom of the 1980’s. Oil production from the Bakken increased 16 % from May thru October of 2012, while the Bakken area now accounts for 11 % of total U.S. oil production (SOURCE: kbzk.com)
- Continental Resources (
Yahoo! – 403 Forbidden — error 403It has come to our attention that this service is being used in violation of the Yahoo Terms of Service. As such: the service is being discontinued. For all future markets and equities data research ), the top producer and leaseholder in the Bakken said it increased its year end 2012 proved reserves 54% to 785 million bbl of oil equivalent. With the 2012 increase, CLR said, it has grown its proved reserves 45% per year since the end of 2009.
- Enbridge’s (
Yahoo! – 403 Forbidden — error 403It has come to our attention that this service is being used in violation of the Yahoo Terms of Service. As such: the service is being discontinued. For all future markets and equities data research ) pipeline system has been underused for the past three months as railroads move more oil out of the Bakken shale play, a refining company told U.S. regulators. Enbridge plans to expand its pipeline network out of the Bakken but expects railroads to continue to create a competitive landscape for oil transportation out of the Bakken region.
- Not everyone is so bullish on the Bakken, Arthur Berman has a compelling article on why the Bakken Boom will not last forever. Take a look at it, here
Until next time, Keep drillin’