the whole shale boom is crafty and full of it.1 million per day of condensate,which will go higher ,and the constant drilling,,alot of junk bonds floating around with the idea of rising rates soon.water costs,workover costs,the eagerness to sell overseas seems suspect to getting all u can before the bust.software programs to increase production?or a spin on outside the sweet spot drilling?and the specter of decline ratio..i'd say u guys got out lucky,
so bakken oil explodes why?man u are nuts,,its to soon to short the shale scam but its a comin.when rates rise and if oil goes lower in value its gonna be tough,unless they go the way of kodiak to some one with more cash.eventually they will all burn out,its a shorts dream come true.and long the the u.s. gulf
Don't know what happened to my last response, but you need to do some research before you make a fool of yourself.
Bakken crude oil gravity ranges from 36 to 44 degrees API. The quality of this oil is excellent, almost identical to WTI. West Texas Intermediate, which is 40 degrees API. A lease condensate has an API gravity ranging between 45 to 75 degrees.
Keep shorting away and I'll keep taking your money.