COP Ramps Up CAPEX in North America -- Bakken, North Dakota, USA

Investopedia.com link here.

Nice comprehensive update.

With regard to the Bakken:

COP  has 460,000 net acres under lease prospective for the Bakken and plans to drill more wells during the year. Continental Resources is another major operator active in the Bakken; the company drilled 222 gross wells in 2011 on its North Dakota acreage.

If that figure (460,00) is accurate (and I have no reason to doubt it), it means the analyst's estimate of 251,000 on December 31, 2010, was off by quite a bit. I will update the "FAQs" data to reflect this new estimate.