Tuesday, May 27, 2014

Minnesota Oil Boom Has Begun

A huge "thank you" to the reader who sent me this -- taken from an undisclosed location in northern Minnesota:
  • 1, 3, Koch Brothers, Dayton #1, t3/14; cum 2 bbls 4/14; TD = 6 feet; vertical, not fracked, rumors are it tapped into an Enbridge crude oil pipeline, 
The "IP" was based on a 5-minute flow rate which turned out to be somewhat exaggerated. Perhaps to encourage investor interest.

Note the trailer in background which will move the (unseen) rig to the next location, rumored to be four feet to the left.

My hunch is that none of this is true. Regardless, a huge "thanks" to the reader for sending it my way.

No comments:

Post a Comment