SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Green Oasis Environmental, Inc. (GRNO)
GRNO 0.00Oct 31 5:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Hawkmoon3/23/2012 10:34:51 AM
  Read Replies (1) of 13091
 

Random Update on the Bakken -- The Numbers Are Staggering


milliondollarway.blogspot.com

Some time last year, it was reported that $1.5 - $2 billion was being poured into western North Dakota, and I've been using that figure for quite some time. Then a few days (weeks?) ago I noted: 200 rigs --> 200 wells/month x $10 million/well --> $2 billion just for drilling and completing wells. What about all the rest: pipelines, railroads, housing developments, support services, etc?

It turns out that the new number if $4 billion/month. That makes more sense. Think about it. $4 billion/month being poured into four counties in western North Dakota -- Williams, Dunn, Mountrail, and McKenzie, and I wager that Williams and McKenzie are getting the bulk of it.



That does seem to be a staggering amount of money to be investing in the area every month.. huge cash investment there..


Hopefully GRNO gets a part of it..


Hawk
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext