Investors who snooze…lose!
Oil prices, and big recoverable oil reserves enable us to make money in the Bakken & Three Forks Shale Formations, and the ‘big boys’ know it, and are drilling a new horizontal well every 35 days on average. There are about 200 drilling rigs working as fast as possible to drain the huge reservoir known as the Bakken Shale. Maybe it’s your turn to make some money?
The Three Forks, and Bakken Shale formations are the two prime productive pay zones located in the Bakken fields of North Dakota, and Montana. This is an ‘oil boom’ we all want to participate-in when possible, and as new technology makes it viable, and real.
So far I know of no ‘dry holes’ by companies implementing the new horizontal drilling technology, and that are using the proven ‘staged-fracing’ techniques which have been pioneered, and have been in regular use during the past three years in North Dakota, and Montana.
Major oil companies, large independants, and public stock companies regularly drill new horizontal wells in the Bakken Shale, and have budgets, and plans to continue in the foreseeable future. It’s time for the private investor to ‘get some’ as a Marine would say. Acreage is still available but it is getting harder to acquire.
Call or email me if you want to hear more about this trend, and what the numbers are in the industry for this great area to drill. Dennis cell: 805 701 7761 Office: 408 975 0800
