Another Bullish Story About The Bakken

Link here. From the BillingsGazette.com/Business.

Reports of record-breaking oil wells coming online in the prolific Bakken formation may not eliminate the sting of $4 gas. But at least there’s some satisfaction knowing the domestic oil industry is working to quench the nation’s huge thirst for energy.

And unless oil prices suddenly plummet — something industry experts don’t expect anytime soon — drilling in Eastern Montana and western North Dakota is expected to continue at a brisk pace.

Brigham Exploration of Austin, Texas, has announced that a recently completed North Dakota well, known as Sorenson 29-32 #2H, produced a record 5,330 barrels of oil equivalent (a mixture of natural gas and oil) during a 24-hour test.

In Montana, Brigham Energy’s Johnson 30-19#1H well 12 miles northest of Fairview in Richland County produced 2,962 barrels during its 24-hour test, also a record.

I remain inappropriately exuberant about the Bakken.