I have blogged before that one of the reasons the Bakken boom is a boom is because the oil industry had done much of the preliminary work since oil was first discovered in 1951. I won't go into all that now.
Here's the nut on the Niobrara, in Wyoming-Colorado:
The [Wyoming] state oil and gas commission has offered approximately 240 drilling permits in Laramie County since the beginning of 2010, but companies have only drilled about 25 to 27 wells.Twenty-five wells since 2010! "We" are drilling 167 wells/month in North Dakota.
“We’re really not seeing very many wells being drilled,” Doll said. “Laramie County is leading the pack here, but again, 25 wells do not make a boom.”
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