Friday, March 4, 2011

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.
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4 comments:

  1. Greg Lang of Minneapolis, MNMarch 4, 2011 at 6:24 PM

    Jim Cramer was hyping the "coal powered cars" last week so caveat emptor.

    ReplyDelete
  2. Bruce OksolMarch 4, 2011 at 7:03 PM

    As I said earlier, it seems Jim Cramer has come to the Bakken party late; and if he's hyping coal-powered cars, he's come to that party about thirty years early.

    ReplyDelete
  3. Greg Lang of Minneapolis, MNMarch 7, 2011 at 7:16 AM

    I taped "Larry the Cable Guy last week and am watching now. It actually had a 30 second ad for the Chevrolet Volt. Same as Superbowl Ad. http://www.youtube.com/watch?v=qEzWNj2LHMY

    ReplyDelete
  4. Bruce OksolMarch 7, 2011 at 7:30 AM

    You are correct. I have now seen parts (I always seem to catch the ends) of the Volt commercials.

    They must have read my blog.

    ReplyDelete

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