Black Ridge (OTCQB: ANFC) Snaps Up New Bakken Wells

Brian Hicks

Written By Brian Hicks

Posted December 16, 2013

Minnesota-based exploration and production company Black Ridge Oil and Gas announced on Monday that it completed its $20.6 million Corral Creek acquisition in the Williston basin. The acquisition gives the small company an additional 2,046 acres in Dunn and Golden Valley Counties in North Dakota with facilities producing approximately 165 barrels of equivalent per day.

With this acquisition, Black Ridge will finish out 2013 with 100 percent growth in wells in production over 2012.

The Dark Side of an Oil Boom

Alaskan and Californian crude oil output is on a long, slow decline. Meanwhile, a 99 percent drilling success rate is happening in the Bakken formation. Just look at the announcement above this one. There’s money to be made, and North Dakota’s crude has big opportunities on the West Coast. 

Angel Publishing Investor Club Discord - Chat Now

Brian Hicks Premium


Hydrogen Fuel Cells: The Downfall of Tesla?

Lithium has been the front-runner in the battery technology market for years, but that is all coming to an end. Elon Musk is against them, but Jeff Bezos is investing heavily in them. Hydrogen Fuel Cells will turn the battery market upside down and we've discovered a tiny company that is going to make it happen...

Sign up to receive your free report. After signing up, you'll begin receiving the Energy and Capital e-letter daily.