Wednesday, April 28, 2010

What 3 companies get to drill into the oil called Bakken gusher in Montana?

It's all public information, my friend. Bill Barrett was big, but he sold his leases to Oasis, now it seems to be mostly Marathon, Oasis and Nance. It's not limited to three, it's whoever leased the land from the mineral owners.





The oil companies have been leasing that land since the 50's. There was an oil boom in the Williston Basin in the late 70's. Now with HDD, they are uncapping wells and drilling sectionally.





The biggest well to date is in Parshall, ND. North Dakota isn't taxing the hell out of everything like Montana, although Montana recently gave an 18 month '; tax holiday'; to oil companies drilling in the Bakken.





For years it was called the Williston Basin, so if you want to research, use that term as well.

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