Bakken Technology Transforming American Landscape

Great article in Wall Street Journal, dated November 13, 2010.

The article talks about horizontal drilling and fracture stimulation being used in new and old oil fields around the country.

Two things jumped out at me immediately:

• Total domestic on-shore oil production has not increased since 2002; and,
• As more and more states benefit from this technology, the more difficult the EPA will have in regulating the technology at the Federal level.

My hunch: the EPA will produce guidelines for states to follow, and that's where it will end. As well it should.

EOG's CEO says the unconventional play is the most under-reported story on mainstream media. I agree. By the way, this doesn't sound like a CEO whose company just took a huge shellacking in the market due to huge loss due to focus on natural gas.