It is absolutely amazing. The more the left screams about global warming the more oil is being discovered.
Ever see a movie called "The Brass Teapot"? It's sort of like that.
That's a good point. And the more the price of oil and gas come down, the harder it is to justify the tax subsidies and fiscal losses in 'renewable alternatives' which are less reliable.
It looks like the big discovery here is in the Upper Jurassic Kimmeridge section, with lithologies which sound similar to that encountered in the Three Forks and Middle Bakken. Whether the much thicker Kimmeridge section will lend itself as well to production techniques and drilling strategies used in the Williston Basin and how well OIP will translate to BOPD has yet to be determined.