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Linn Energy, LLC (LINE) Message Board

  • opinionsarelike33 opinionsarelike33 Apr 29, 2013 10:57 AM Flag

    here is mlre to this article about subsequent take overs

    In the last couple of years the activity in the Bakken oil formation has completely exploded. As Mark Papa, CEO of EOG (EOG), said in a presentation last year, "... there are only two meaningful oil plays in the United States." Those two plays are the Bakken and the Eagle Ford. Even though the first Bakken well was drilled in Montana, it has been North Dakota steaming forward with the Bakken development. North Dakota is now not only the second-largest oil producer in the U.S. after Texas, but it even overtook the OPEC member Ecuador in oil output.

    America is producing more than 7 million barrels of oil a day, the highest volume since 1992, according to figures released by the U.S. Energy Information Administration. It's another sign of the transformation of American energy, as the nation is forecast to overtake Saudi Arabia as the world's top oil producer in just a few years. Texas and North Dakota are the dominant states behind the increase in oil production, with crude from the Bakken formation of North Dakota transforming the state and allowing it to pass Alaska as the nation's second leading oil producer.

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    • Nope the shale in California is massive and significant as well. Between the three America could have no need to import any oil for many generations. Plus there is another I believe along the Rocky's. But no reason not to include Canada and Mexico.

      America's reality and the world has been changed. Now all we have to do is break free of the Progressive dark age and flat earthers by being the Just common sense individuals Granter Liberty by God. Freedom and for the Patriot Duty to be productive and civilized citizens..

      Then Obama retires we end the evil Progressive corn ethanol by allowing our vast natural gas to complete!

      But we have to break free of the new Progressive Dark Ages.

 
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