More and More Believers That This Boom is Real

See opinion in Grand Forks Herald.com: "Evidence that this oil boom is serious just grows and grows."

This paragraph was particularly interesting (note two observations were made):

Oil recovery in North Dakota has reached a level of efficiency unequaled elsewhere. Fully 98 percent of wells drilled produce oil, and the percentage of known reserves recovered from the Bakken and Three Forks formations is higher than anywhere else.

The author could have also noted that the percentage of known reserves recovered is not only higher than anywhere else, but the percent recovered exceeds expectations and continues to grow.

They are believers.

So am I. It's interesting to go back to 2008 and re-read all the nay-sayers about the Bakken. I won't link them; they're easy to find.


I'm a Believer, The Monkees (just substitute "oil wealth" for "love")