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Friday, June 18, 2010

Nice Article on ND Oil Industry in Minot Daily News.

Two-part article on oil industry on the reservation in the Minot Daily News.

The links to these articles are generally broken in a few days, and the articles are archived, requiring a subscription, free or paid. 

By the way, of the local newspapers on the internet, the Minot "paper" has consistently had the better reporting in my opinion. The Dickinson Press might come in second, competing closely with the Bismarck Tribune.

For newbies, just to give you an idea how big the Bakken is, for perspective: today it is announced nationally with a bit of fanfare that the electric car company Tesla will go pubic with an IPO to raise about $167 million.

In comparison, one of the smallest players in the Bakken, Oasis Petroleum, went public yesterday and its IPO raised just slightly less than $600 million. The current boom in the North Dakota Bakken is now about four years "old."

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