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Linn Energy, LLC Message Board

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  • rlp2451 rlp2451 Nov 23, 2012 11:41 AM Flag

    So, how about profitable is the Bakken?

    Blah blah blah.

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    • The true natural of the Progressive Collectivist.

      Brutish, angry, emotional and ignorant and it does not care. Yet does believe they are born to rule others due to special occult insight - they insist is science when it clearly is just primitive religion.

      Talk about Global Warming without addressing the rise of Asia. Mindless at ever level.

      Here on an American natural gas board with a solution it does not want.

    • Glenn:And this has what to do with LINE?

    • Now that is just about the type of bright response we all expect from you.
      "Blah blah blah."

      Maybe below this will help you with a better understanding of why there is such a big shift toward those very profitable oilier plays like the bakken & the hogshooter and others from the natural gas plays since late 2011.

      This below was written when natural gas was just a little higher than now but the numbers are close enough to be used with the present price for OIL & for natural Gas to illustrate their point.


      One barrel of crude oil has about six times the energy content of a thousand cubic feet of natural gas.

      With the natural gas price at about $4/Mcf and WTI at $86/bbl, crude oil was trading at an energy-equivalent price advantage of 3.58 in mid-April.

      While finding costs are higher in the Bakken (approximately $13 according to Brigham Exploration Company) versus $7–$10 in the natural gas shale plays, operators in the Bakken enjoy a $73/boe price advantage compared to about $14/boe for the shale gas operators.

      This price advantage has left the Bakken operators feeling smug and shale gas operators looking for oil shale opportunities, since the technologies of horizontal drilling and multistage fracturing can be applied to advantage for either gas or oil."

      Sentiment: Strong Buy

0.180.00(0.00%)May 23 3:59 PMEDT