Wednesday, April 27, 2011

The Federal Reserve Bank of Minneapolis: The Bakken -- Bigger and Better

Link here.

This story published back in March. Nice update of the Fed's feeling about the Bakken.

With additional formations below the Bakken that will produce oil, the Fed sees "at least an additional ten to twenty years of intense drilling and development, followed by several more decades of continued petroleum production.”

Remember: the "Basic Analysis of the Bakken" foresees intensive drilling through 2030 and then continued production through 2100. The "Basic Analysis" is linked at the sidebar on the right. 

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