How Important Was The Bakken?

My world view is that the Bakken boom led the current energy boom in the United States. Others will have their own views, but mine won't change.

One of the reasons I started this blog was to offer another opinion to answer those who said the Bakken was over-hyped.

I can now quit blogging. I have reached the milestone I set for myself: to keep blogging until I saw this headline, or something similar:

"US Unconventional Liquids Production Could Mean Zero Net Oil Import"

Link here.

Production from unconventional liquids plays could result in the US becoming independent from oil imports before 2020, an analyst told attendees at an International Association of Drilling Contractors conference on onshore drilling.

Marshall Adkins, managing director of energy research for Raymond James & Associates, told conference participants, “You guys have gotten too good at getting oil out of the ground, and we are going to see some issues.”

US crude oil production is rising in the face of declining oil demand, Adkins said. He credited horizontal drilling and multistage hydraulic fracturing in North Dakota’s Bakken formation and the South Texas Eagle Ford shale with reversing a nearly 40-year-long decline in domestic oil supply.

Global oil prices look bearish. It looks like US could be energy independent in 6 - 7 years. 

Only two basins were mentioned, and of the two, the Bakken was first.

Anyway, I could quit blogging, but I won't. There are a few other Bakken milestones I want to see first before I quit blogging.