Biggest Bakken Stories of the Past Week

Week 9, 2010 (Feb 28 - Mar 6, 2010)

1. New railroad oil loading facility, Dickinson, operational by Oct 2010

Will add 60,000 barrels/day takeaway capacity

350,000 bbls (pipeline) +
60,000 (Stanley/EOG/BNSF) +
60,000 (Dickinson) =
470,000 bbls/day by end of 2010

2. NDIC grants Hess six permits on one location; second time this year.
3. Record number of active rigs in North Dakota: 99.
4. CLR announces its first Eco-Pad; in McKenzie County.
5. Another lackluster Hess well.
6. Questar: an investing opportunity?
7. Sweeping changes proposed by the NDIC, March dockets.
8. CLR announces new method for determining IPs.
9. Price of oil solidly above $81/bbl.