Calling the Bakken and Three Forks shale plays in not completely accurate. The formations are better described as unconventional reservoirs which have hydrocarbon saturation over very large areas.
It will be interesting to see what is in Mexico, when/if they ever modify their laws to allow genuine commerce.
sounds like you have some familiarity with the baaken/three forks formations. I thought that the three forks was at a deeper level than the baaken. seems to me I’ve read that continental has only recently completed some exploratory wells in the three forks lower levels. they have not got to production as yet. And they’re the leaders there.
The leader of continental says that baaken will ultimately double oil output from current 1 million barrel @ day levels. do you agree? What do you think are the total addressable reserves there?
Do you think that technology will improve so significantly over the next ten years that 10 years from now a lot more oil will be “addressable” than is the case today.