It's a quiet Sunday evening. Not much going, but the overseas markets are open and oil is trading a bit higher and is now back over $80.
When it's a slow day in the Bakken, one can rely on discussions of initial production (IP) numbers on other sites; I'm as guilty as any -- probably guiltier than most. (... if there is such a thing as more guilty or less guilty.)
There's such a discussion on the Bakken Shale Discussion Board about BEXP's IPs right now. I pretty much ignore those discussions any more. However, the comment that was made this evening is very interesting.
"Doc" notes that BEXP is often accused of bragging about their IPs. "Doc" talks about that, which is interesting in its own right, but even more interesting is "Doc's" concluding observation: it's not the IPs that excite him so much, it's the fact that BEXP has drilled only 19 locations in the Bakken, and the CEO says the company has 422 more sites yet to drill, all of which are in areas of development, not exploratory (or wildcat) locations.
