Still rockin' the Bakken

pioneer press ^ | 2-14-09 | Leslie Brooks Suzukamo lsuzukamo

[WOBBLY BOB]

This is the winter of oil's discontents. It is the winter after oil prices whipsawed world markets.

A year ago, when oil prices were on their way to all-time highs, wildcatters stampeded North Dakota land offices to search for unclaimed mineral rights in the oil-rich Bakken Formation. In summer, oil boosters slapped bumper stickers on pickups boasting of 'Rockin' the Bakken,' with its 4.3 billion barrels of recoverable oil.

Now, with oil trading under $40 a barrel amidst a global recession, oil companies are pulling rigs from frozen farm and grazing land.

But a small Twin Cities-based startup has a different idea.

Drill. And drill. And drill some more.

[WOBBLY BOB]

drill baby, drill.

[R_Kangel]

Low barrel prices are an incredibly open prime target for the American Socialist Republic.

Last I heard, our socialist government was planning a $1.40 per gallon tax in the consumer market.

[CPT Clay]

this bud’s for you!!!

[BOBTHENAILER]

Actually, this article is a bit old-—I read one almost identical to it during this summer’s peak. The Bakken has slowed way down, but it ain’t going away. So——thanks for the Bud, and I’ll crack a few more when the price of oil gets better.

[Smokin' Joe]

Yep, it’s still happening. There has been a slowdown as rig prices (and others) adjust to reflect the drop in oil prices, but some of us have been working steadily still and pray we continue to do so.