Update on the Alberta Bakken --

Link here, sent to me by Don.

November 22, 2011: Update regarding the Alberta Bakken from the October 5, 2011, edition of the Calgary Herald.  Data points

• 2.6 billion bbls recoverable oil (similar to Williston Basin Bakken); 7 - 10 percent recoverable OIP
• References Canada's biggest conventional play, the Pembina oilfield, 8 billion bbls; only one-fifth produced since the 1950s
• Typical well: 250 bbls/day; $4 million to drill; breaks even at $70 (US)
• Canada side: 31 producing of 47 drilled; Montana side: 8 producing wells of 23 completed
• References the Williston Basin Bakken: both deposited at same time, but geology different
• In Montana, the most active driller: Newfield; others: Primary Petroleum, Abraxas, and American Eagle