Loading... Symbols: Authors: 5 Medium-Sized Leaseholders in the Bakken Oil Field

[Sunsettommy]

Seeking Alpha

April 26m2011

EXCERPT:

The Bakken Shale Oil Field stretches from Canada into North Dakota and Montana. It could hold up to 3.65 billion barrels of recoverable oil. Perhaps more. This is the biggest U.S. discovery since the Arctic National Wildlife Refuge in Alaska (10 billion barrels), and it is not in the far off arctic tundra. The Bakken field is in the initial stages of development, but it promises to be one of the most lucrative fields ever.

The success rate for wells is fantastic. It is only a matter of permitting, drilling, etc. before it becomes incredibly productive. Let’s look at some of the medium sized leaseholders. These may be less safe as investments, but they may be able to grow more quickly.

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