EOG Opens Multi-Million Dollar Office in Stanley, ND (USA)

This is really an incredible story. Some data points, from the EOG/CEO:

• Expectation that the Bakken to produce four billion barrels of oil over the next few decades
• Suggests the Bakken will be one of the top five fields in the history of the US
• Estimates royalties to private individuals of $5 billion
• Estimates taxes to the state of $3.6 billion
• EOG expects to drill 78 new wells in calendar year 2010

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Update on the the EOG - BNSF railroad oil loading facility: the facilty has been open since the beginning of the year. It was built to handle 100,000 bopd; it currently ships 30,000 bopd.

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