Sunday, February 6, 2011

Hey, Not So Fast: There's Work Still Going on in the Spearfish -- North Dakota, USA

 Officials say work is still going on in the Spearfish in Bottineau County. It's sour oil and Enbridge won't put sour oil into its pipeline system. Therefore, Spearfish oil needs to be trucked to Canada.

Spokesman: the Spearfish is about where the Bakken was back in 2005.  Some say EOG has re-deployed its assets to the Wyoming Niobrara and the Texas Eagle Ford -- which makes a lot  of sense. EOG got shellacked in 3Q10 earnings.  Need to get their act together.

Go to "tags" at bottom of blog to find other postings on the Spearfish, or go to the Spearfish at the sidebar at the right.

The link above will be broken in a few days; regional newspaper link.