More Great News for the North Dakota to Texas Renaissance Zone

Back on March 25, 2011, I opined that we were starting to see the end of the love affair with Brazil's off-shore oil prospect.

Now, another data point:

Exxon Mobil Corp. said Friday it is abandoning its only exploration effort in the Santos Basin, epicenter of Brazil's offshore oil boom, an area where it has obtained mixed results amid tough drilling conditions.

The block is the Texas behemoth's sole exploration lease in Brazil, which forecasters say is destined to be one of the world's top petroleum producers by the end of the decade thanks to its vast trove of offshore oil and gas.

Not a good sign. 

But great news for Bakken investors.