Tuesday, May 6, 2008

It's The Lake Stupid

Okay, this is just a bit scary that stuff like this makes it on TV. Who would have thought that the key to unlocking the Bakken had everything to do with being able to drill under the "biggest lake in ND." I don't think it was meant as a joke, but it gave me a chuckle.

15 comments:

dkwilk said...

iIMHO if you handed this so called expert a map, he could not find North Dakota, much less the laks SAkakawea.. Look out Devils lake they maybe drilling there next...
Then i have to wonder how many people really are that uninformed.

Larry said...

Where did Fox find this so-called oil expert?

To think the 1,700 square miles under the lake will make a difference in the world's oil supply is silly when compared to the 16,000 square miles not under the lake.

I vote we all send an email to Fox News and tell them they need to call Teegue to provide the straight scoop.

Mark said...

Has anybody started to drill Mercer County yet.

Larry said...

PS: I am not sure the lake covers 1,700 square miles. My guess the lake from the North Dakota border to the dam is only 200 square miles.

Larry said...

Here is Jim Lacamp---

Jim Lacamp is a Senior Vice President and Financial Consultant with RBC Dain Rauscher. He has been employed in the brokerage business for the last 18 years ...

www.money-sense.com/team.asp

erik said...

Besides being completely clueless, this guy also is way too optimistic with regards to Oil price impact. Even if we recovered all 3.2-3.6 billion barrels, this figure amounts to less than 6 months of U.S. Usage. On a daily level, the Bakken formation produced around 75,000 each day right now. We import around 15 million barrels every single day, so though I'm sure that Bakken statistics will grow, it will not be as monumental as this guy says.

david said...

Guys, North Dakota (and North Dakotans) have always felt disadvantaged because they were so far away from an ocean or major body of water. Drillining under Lake Sakakawea is merely our version of offshore drilling designed to make us seem like a Gulf state.

Anonymous said...

Lets fill up the lake and we will have even more oil in ND.

Kodiak said...

3 Billion or 300 Billion barrels - it doesn't matter, we need to get it out of the ground. Stop enriching the terrorists by buying their oil.

More oil means the price goes down we all could use that.

The US needs to exploit all the oil resources we have, Bakken, ANWR and off our coasts - for the sake of our own livelihoods. Wind and other alternatives (clean coal and nuclear) will eventually replace the natural gas that generates electricity; natural gas will eventually power our cars and trucks; we can be free of foreign oil in the next 25 years.

The government and the tree-huggers need to get out of the way and let the US get and use our own resources - employ and enrich Americans and stop funding the terrorists who are trying so desparately to destroy us!

Anonymous said...

Another chip off the old block.

http://www.bakkenblog.com/

Anonymous said...

I'm interested.

Anonymous said...

what is the current mineral lease rate in Mountrail County?

Anonymous said...

Anyone know what is happening in Dunn county. Peak Energy has drilled a couple of wells kind out away from all the producing wells and not much has been said on them. Any input from anyone would be wonderful.

Anonymous said...

Why are there so many wells listed or called the Wyzetta wells? They range from Wyzetta 1 and up to i think number 11 now in the Parshall fields? M

david said...

EOG used to name their wells after the first or last name or initials of the person who owned the land where the wellsite was located, but that got too messy and perhaps some people were sensitive about having it so publicly known they has a well. So now EOG simply names the well the township name with a sequence number, and the landowner is kept anonymous. Many other drillers still name wells after the landowner, however. THere could be EOG Wayzetta 1 through Wayzetta 36 except that a few Wayzetta wells are named after landowners and these wells will not be renamed.