For Investors Only: Seeking Alpha on NOG

I honestly can't remember if I've posted/linked this story earlier. If I have, I apologize.

It's a short article that doesn't provide anything new for regular readers, but for new readers it might be a jumping off point to explore Bakken investment opportunities.

The production ramp up in the Bakken reserve has been one of the most impressive developments in domestic energy production in a generation. Production has quintupled over the past five years to 500,000 BOE/day and North Dakota has surpassed Ecuador (An OPEC member) in oil production. This expansion is continuing as reserve estimates have grown exponentially. Continental Resources CEO Harold Hamm believes the basin may have over 24 billion barrels of recoverable.

Again, this is not an investment site, and a post regarding any company is not a recommendation to buy, sell, trade, or hold. It's just something I wanted to post to try to demonstrate what's going on in the Bakken. 

"The production ramp up in the Bakken reserve has been one of the most impressive developments in domestic energy production in a generation."

Hmmm.....

By the way, the "production ramp up" was simply not a matter of luck. I've talked about it numerous times before and it has to do with the incredible amount of work that's been done in the Williston Basin since 1951 when oil was first discovered near Tioga. See the archives at the sidebar at the right.