Wednesday, January 16, 2013

Williston Basin Bakken in Montana: a Dud?

Part III in this series at SeekingAlpha.com. This article doesn't say a whole lot. Not sure why that particular map was shown. Overall, not impressed. But the link is there.

3 comments:

  1. I read this and I don't think the author has done much research. In the Whiting section he calls 274 boepd "not exciting", but keep in mind those are Red River wells and cost 1/3 that of a Bakken well. Also I learned that Red River wells don't have to be be fracked due to the formations permability.

    ReplyDelete
    Replies
    1. Thank you; that adds some granularity. I missed that; if these are Red River wells, you are exactly right: 274 boepd is nice for Red River. As noted in the stand-alone past, I was not impressed with the article. It was better than what I could have done, but not much better.

      Delete
  2. I read a few of his blogs in the past and he is questioning why the Bakken oil play is huge in North Dakota but only so so in Montana. In this one, I think he is just showing some of the current oil companies doing business in Montana and how they are panning out. But could be something else to I guess.

    ReplyDelete