Mike Filloon's Three Part Series on Bakken Mid-Caps -- Bakken, North Dakota, USA

Update

It turns out this was Part I of a 3-part series. So, here for easy linking, the three parts:

• Part I
• Part II
• Part III

Original Post

Link here.

Another very good article for investors. From what I can tell, Mike Filloon has hit the high points from the recent conference calls.

There is more and more discussion regarding the high costs of these wells and how folks are trying to manage the costs. In the "old" days the wells cost $3 to $6 million. Today they can cost $8 to $9 million. Sounds like quite a jump. "Don" pointed out to me, that others seem to be forgetting,... drum roll ... in the "old days" they were drilling short laterals (one section); they now drill twice as long (long laterals, two sections) and well more than three or four times as many fracture stimulation stages.