Bakken Oil Output Booming

Filed in commodities, o, South African Gold, upgrade by on February 9, 2011 0 Comments

Filed under: Analyst Reports , Forecasts , Industry , Commodities Believe it or not we have an “oil rush” right here in the United States, in North Dakota and Montana. It is called the Bakken Formation, as reported in IBD . The area is said to contain 4.3 billion barrels of oil. Some estimates go as high as 24 billion barrels. Today North Dakota produces 400,000 barrels per day. With upgrades in infrastructure, production could go to 600,000 to 800,000 barrels per day. Continue reading Bakken Oil Output Booming Bakken Oil Output Booming originally appeared on BloggingStocks on Wed, 09 Feb 2011 15:00:00 EST. Please see our terms for use of feeds . Permalink  |  Email this  |  Comments

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Bakken Oil Output Booming

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