A massive oil field underneath Montana and the Dakotas that has the potential to revolutionize America’s energy needs could in fact contain twice as much oil as previously thought.
Read more: http://tinyurl.com/c9e765a
Tag Archives: Bakken
Alberta and Texas: A match made in crude heaven
Alberta bitumen and Texas Gulf Coast refining infrastructure is a match made in crude oil heaven.
Kenneth B. Medlock III, a fellow in energy and resource economics at Rice University’s Baker Institute and senior director of the Center for Energy Studies, says new American oil development — the Bakken and Eagleford formations, Permian Basin — produces light, tight oils.
Read more: http://tinyurl.com/bk29ruo
North Dakota Leads List Of America’s Fastest-Growing States
It’s all about the money. Especially when it comes to where people decide to move. Take North Dakota, where a stupendous energy boom radiating out of the Bakken formation has attributed to a tiny 3.1% unemployment rate. Americans are flocking there faster than to any other state in the U.S.
Read more: http://tinyurl.com/c7mmdnw
The Bakken Oil Boom: Moving “Back Home” to Montana?
Most people associate the huge Bakken oil field with North Dakota… but did you know the Bakken was actually discovered to the north in Montana?
Drilling equipment and crews are moving “back home” from North Dakota—where the Bakken Boom has been the Biggest. In fact Montana’s rig count has grown to 22 from just eight at this time last year.
Montana’s Department of Natural Resources and Conservation issued a record 356 oil drilling permits in the first ten months of the year, easily beating the previous record of 313 set in 2005.
Read more: http://tinyurl.com/d4x3ehg
HOW TO MAKE A KILLING ON US ENERGY INDEPENDENCE
With US energy independence fast emerging as a topic in the presidential election, I thought I’d delve into this topic in greater depth and see how real this possibility is. This will undoubtedly be the most important change to the global economy for the next 20 years.
Read more: http://tinyurl.com/8hwhudw