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Friday, November 18, 2011

There Are "No" Dry Holes in the Bakken -- The Bakken, North Dakota, USA

Don't take it from me.

Take it from the state commission.
"A drilling rig hits oil 99.6% of the time. A dry hole is extremely rare."
The occasional dry hole targeting the Bakken formation I see is because of a problem with the rig or the drilling -- not because oil wasn't there. In almost every case in which I see a "dry" hole due to technical problems with the drilling, the operator has plans to go back in at a later date.

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