This Bismarck Tribune story was picked up by Rigzone.com.
As the oil industry completes its infrastructure design phase and
enters its full development phase in 2012 and 2013, there's good news
for residents, officials and community leaders in the oil communities
experiencing this remarkable growth. Soon, nearly all of the
infrastructure needed to develop the Bakken will be in place, and
western North Dakota is settling into a period of steady growth.
Compare that fact with
this statement from SM's conference call:
As others have disclosed recently, equipment shortages and fabrication
delays are a real problem in South Texas right now. In our particular
case, we have seen several months of slipping schedules for delivery of
tanks and vessels required for assembly of new tank batteries and other
required facilities. Limited midstream capacity is creating high back
pressures and reducing rates on our existing wells and sharply limits
the amount of actual incremental field production we can generate from
new completions.
I have mentioned this directly or indirectly for the past two years.
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