Since September 4, Bakken spot crude oil prices have traded above the price of West Texas Intermediate spot crude oil prices.
For most of 2012, Bakken spot crude oil prices traded at a discount to WTI prices and traded at a whopping $27.50 discount on February 9, 2012.
The new premium pricing is likely to last for a while, as detailed in the article Bakken Spot Crude Premium to West Texas Intermediate Could Last Into 2013 (previously linked).
This improved pricing environment for Bakken spot crude prices have still not been factored into the third and fourth quarter 2012 earnings estimates by many analysts. This could position some companies with a heavy concentration of revenue from Bakken crude oil prices to outperform their current revenue and earnings estimates for the third quarter.So, we'll see.
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