Harold Hamm To Operators in the Bakken: Change Tactics

Link to Petroleum News-Bakken.

Harold Hamm's pet peeve? It might be the WTI-Brent spread, and Bakken is at the "bottom of the barrel." Solution: more pipelines, and fast.

Cites statistics that show average return from three fields:

• the Bakken: 25 percent
• the Permian Basin: 40 percent
• the Eagle Ford: 50 percent

Activity will go where the returns are better.

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Maybe a good way to close the subject ... 


I Tried to Leave You, Leonard Cohen