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Monday, March 15, 2010

Biggest Bakken Stories of the Past Week

Week 10, 2010 (Mar 7 - Mar 14, 2010)

1. We're starting to see more Dakota Candles and Orion Belts: multiple-well sites.

2. We hit a new record in number of active rigs in North Dakota: 104 on March 12 2010.

3. North Dakota puts forth plan to draw water from Missouri River for fracking.

4. More stories on horizontal drilling in the Spearfish formation. EOG is bringing their Canadian experience targeting the Spearfish to Bottineau County in North Dakota.

5. Slawson and NOG announce another test to see if Bakken and TFS communicate.

6. American Oil and Gas (AEZ) sold all its holdings in the Powder River Basin, Wyoming, to become a pure play in the Bakken.

7. North Dakota stomps California in honey production. North Dakota retains its number one position; South Dakota leaps to second place, pushing California to third.

8. The Birdbear formation gets acknowledged as another oil producing target in this boom.

9. March 8, 2010: the century mark! 100 active rigs in North Dakota.

10. February state lease sale second highest in history.

.... and, of course, folks could begin ordering the Apple iPad for home delivery, April 3, 2010.

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