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Linn Energy, LLC (LINE) Message Board

  • sandonthebeach47 sandonthebeach47 Jan 21, 2013 10:33 AM Flag

    Who are the biggest OIL producers in ND?

    In order, by cumulative oil:

    Hess, Whiting, Denbury Onshore, Continental Resources, Petro-Hunt, Burlington Resources

    And,

    who ran Burlington Resources for the lower 48?

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    • To bad for Line...The North Dakota oil boom is an ongoing period of extraction of oil from the Bakken formation in the state of North Dakota that started in late 2008.[1][2] In the backdrop of the 2008–2012 global financial crisis, the oil boom has resulted in enough oil and gas jobs to give North Dakota the lowest unemployment rate in the United States.[3][4][5] There are several reasons that led to the oil boom not just in North Dakota but also nationwide. First, the recent discoveries of shale gas reserves across the nation, second, initiatives to seek energy independence from unstable sources (countries such as Venezuela and countries from the Middle East region). Finally, the successful use of horizontal drilling and hydraulic fracturing technologies. [6] The resulting sudden boom has reduced unemployment to 3.5% and given the state of North Dakota a billion-dollar budget surplus. But the industrialization and population boom has also put a strain on road, water supplies, sewage systems, and government services of the small towns and ranches in the area. Some counties have increased in population by almost double from 20,000 to 40,000 people.[7] [8]
      The number of rigs is expected to reach 225 by the end of 2011, with each of the rigs producing roughly 125 new jobs. This means a total growth of around 25,000 jobs, including an extra 10,000 jobs for workers who lay pipes to producing wells and produce processing plants.[8] Some estimates predict that North Dakota could have as many as 48,000 new wells, with drilling taking place over the next two to three decades.
      Of every dollar per barrel of oil, the state government receives 11.5 cents.[8]

    • In order by 2013 bakken drilling.

      Seven E & P companies will account for about 65% of bakken drilling this year.

      In rank order they are:

      Continental Resources, Hess, Whiting Petroleum, Statoil/Brigham, Oasis, Marathon, & EOG Resources.

    • Hello anyone at home. Or are you stumped? Just like norris suggest something and then say nothing. Ever realise howmuch norris sounds like norrisdad? His dad did a fine job of raising a clone of himself.

    • As well i know but i wish you tell the board since this is your jeopardy show. It begins with a C........

    • Alright more guessing games. I don't know who ran Burlington Resoiurces for the lower 48? Please tell us and what it has to do with ND.

 
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