Friday, March 11, 2011

173: Not a New Record, Back to Tying the Record

173 active drilling rigs in North Dakota.

Just doing "our" part to support President Obama's Sputnik moment: drill, drill drill!

I honestly never thought I would hear President Obama calling for increased drilling! Steven Chu and Ken Salazar must be spinning.

But I have said many times: President Obama's worst nightmare: $100 oil and 10% unemployment.
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2 comments:

  1. Bakken OwnerMarch 12, 2011 at 12:42 AM

    http://www.bexp3d.com/IR_pres.pdf

    noticed this presentation shows 5 wells per section adds scallion and middle bakken that is huge

    brian

    ReplyDelete
  2. Bruce OksolMarch 12, 2011 at 4:47 AM

    Excellent observation.

    I've always maintained that many of these companies are valued on their Bakken holdings alone when, in fact, many other formations are being overlooked.

    Thank you for stopping by and taking time to comment.

    ReplyDelete

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