Thursday, May 24, 2012

Three Forks Gaining Momentum -- Investopedia

Link here to Investopedia.

Companies mentioned: MRO, EOG, DNR, CLR, MUR.

Any article that talks about the Three Forks and doesn't mention Whiting is suspect. Unless I'm missing something, Whiting has taken the lead on drilling the Three Forks. CLR was one of the earliest, if not the first, to start talking about additional benches in the Three Forks, but Whiting is drilling the heck out of the Sanish oil field, first the middle Bakken, and now targeting the Three Forks.

In addition, Whiting has a huge, perhaps the leading, presence in Three Forks activity in southwestern North Dakota where the Three Forks pinches out from the Bakken. Again, I don't delve deeply into the numbers; I could be way off, but just following the permits, the results, the conference calls gives me a gut feeling that Whiting has the edge on the Three Forks.