The Next Harold Hamm? Drilling Wells for $175,000 in Central Montana

Link here.

Meet Adam Standiford, a small independent based in North Central Montana. His company, Brainstorm Energy, is not one you've heard of. Standiford, 34, holds 14 total wells, 12 gas and two oil, spread over 20,000 acres on the Sweet Grass Arch where commercial hydrocarbons have been discovered in Mississippian carbonates and in Jurassic and Cretaceous sands.

Though the Alberta Bakken area is known for its shale plays, Standiford is not involved in shale. "It is something for players with more money and more experience," Standiford explains. "Shale wells are $4 million wells. The wells we are drilling are about $175,000. We don't have the resources for shale."