Investor's Business Daily (IBD): Bullish on the Bakken -- North Dakota, USA

For regular readers of this blog and other sites focused on the Bakken, there is not much new in the Investor's Business Daily story yesterday, but it serves to reassure those still wondering about the Bakken. Some key points that jump out at me from this article:

• It took less than three years for the Bakken to become a boom after the 2008 USGS revised estimates
• If CLR's estimates of the Bakken are true, this would amount to a 500% increase over the already huge USGS estimate -- five times, 500%
• Pipeline capacity is one factor limiting production expansion (already well known)
• But even if no improvements in pipeline capacity made, Bakken output could go from current 350K to 600 - 800K bopd

Another interesting point about the Bakken:

New optimism on the Bakken's productivity derives from several sources. For one thing, drillers keep finding oil in a growing Bakken acreage. "Operators find they keep expanding and still get good results," an analyst noted.

Reading that last point ("...drillers keep finding oil in a growing Bakken acreage") I think of WLL's very good wells in the Three Forks pinchout in the southwestern part of the Williston Basin in North Dakota. WLL is also going back into the Bicentennial oil field, which was active in the past, but not so much activity until recently, due to WLL. And WLL is very active in the Belfield (North Dakota) area.