LINN Energy on Jim Cramer's "Mad Money" -- Bakken, North Dakota, USA

The LINN Energy CEO mentioned Williston Basin several times and the Bakken just as many times.

Jim Cramer still acts as if he's never heard of the Bakken. He started talking about the Bakken this past week and one genuinely gets the feeling he missed it (the Bakken). This blog was started about two years ago because I felt folks were underestimating -- or misunderestimating, as a former president might say -- the Bakken.

One of the wells that was completed and reported in today's daily activity report had an IP of 1 bopd (that's not a typo: 1 bopd).

• 19229, 1, Sagebrush, Cameron 1-14, Midale (not a Bakken)

In the old days a well with an IP of 1 bopd would not have been economical. At $104/bbl (and rising), even this well could be productive. Smile.