"I am continuing to build positions in small e&p companies that are active in western US shale."
Any of those e&p companies have operations in North Dakota?
North Dakota Passes Oklahoma as Rig Count Grows by 1.
noir.bloomberg.com
From the article:"...Drilling in the Bakken Shale in North Dakota’s Williston Basin, aided by technical advances in extracting fuel from shale formations, helped make the state the fourth-largest oil producer as of March, behind Texas, Alaska and California..."
"... “There’s been a significant increase in North Dakota, whereas Oklahoma production was virtually unchanged over the past two years.”
North Dakota pumped 251,000 barrels a day on average in March, up 29 percent from the year before and up 74 percent from 2008, according to the Energy Department. Oklahoma output averaged 184,000 barrels a day in March, little changed from 183,000 in 2009 and 186,000 in 2008..."
EKS |
