[saganite]

Hello Smokin' Joe. You say the assessment is ongoing? Does that mean the USGS is in there now or are you talking about the state's assessment? Last I read was that the USGS wouldn't get around to it for more than a year.

[Smokin' Joe]

The state's, as far as I know. Last numbers I heard were 400 billion bbls, but you know how oil patch rumors go...There has been a lot of pressure on the USGS over this, mainly because pipelines are at capacity and without some confirmation of reserves no one is going to invest in the infrastructure.

Currently, as Enbridge is the main pipeline player, Canadian oil will likely continue to get a preference.

I hear rumors of a railhead operation in the works, (truck the oil in and send it out in tank cars), but there have been no announcements as of yet.

When clean 35 gravity sweet crude is being discounted by $30/bbl in today's market, that leaves a bit of room for inventiveness--and a middleman profit.

The state really wants to keep this going, the revenue is a boon. Me, too, as far as that goes, I like steady work. (I've been doing these wells for 5 years now).