Here’s a few quick notes on interesting news that I won’t cover in a separate post: production levels, a forecast for slowing acceleration of output, employement, infrastructure, and few other things.
7/16 – North Dakota oil production passes 1,039,000 BOPD in 5/14
5/30 – Million Dollar Way – That She Is! A Million-Bbl Bakken Well In This Boom – One well has finally crossed the point of producing 1,000,000 barrels of oil. It has been on-line for about 3.5 years. Let’s assume $90/barrel. That would be $90,000,000 gross, or about $26M per year. Still producing 24,000 bbl a month, which at $86 is about $2,000,000 each month. Not even on a pump yet. Initial production was an okay 803 barrels a day. Not great. Not bad. By 12/14, it will have produced $100M of oil.
5/30 – Bakken Shale – Is the Bakken America’s Last Boom? – Read more…