The Final Stage of the Bakken Oil Boom Revealed

Keith Kohl

Written By Keith Kohl

Posted May 1, 2010

Welcome to the Energy and Capital Weekend Edition — our insights from the week in investing and links to our most-read Energy and Capital and sister publication articles.

The secret is out.

And it’s about time, too.

Following the release of the latest North Dakota oil study, the media is finally starting to understand… But I have a feeling that, by the end of 2010, it’ll be too late for the average investor.

You see, when the USGS Bakken assessment was released in April 2008, the study reported the Bakken formation as holding up to 4.3 billion barrels of technically recoverable oil.

What you probably don’t know is that the USGS report missed the mark.

Here’s why…

When the USGS published their Bakken survey, the agency completely underestimated a second oil formation beneath the Bakken. They added approximately 500 million barrels from the Three Forks formation to the Bakken estimate.

The interesting part is that the USGS only had access to data on vertical wells drilled into the Three Forks formation. As you know perfectly well, the key to unlocking the oil in the shale was through horizontal drilling and fracturing techniques.

North Dakota Oil Study

A recently released North Dakota oil study confirmed our suspicions — the Three Forks formation holds as much oil as the now-famous Bakken formation.

In other words, North Dakota has may have just doubled their oil reserves.

Before you jump on the hype, remember that we’ll still need a few more years before they can tack on the Three Forks crude to their proven reserves.

But here’s the best part: Oil companies that are now tapping the Bakken formation have a second target.

In the words of Harold Hamm, CEO of Continental Resources, "We can harvest both from one pad. It’s two for one and it’s really nice."

It’s a win-win situation for us.

Unfortunately, it’s only a matter of time before this opportunity is closed… But I’ve prepared this free bonus report, giving you my favorite Bakken-Three Forks stock operating in North Dakota today. You won’t want to waste any time cashing in on this play.

Enjoy your weekend,

keith kohl

Keith Kohl

Energy and Capital

P.S. In case you any of the week’s top stories from Energy and Capital and our sister publications, I’ve included for you here:

The Value of Bakken Oil Production: The Second Wave of Bakken Profits
Energy and Capital Editor Keith Kohl explains why the next few days are critical for Bakken investors.

Obama Drops the N-Word: The Future of Nuclear Energy
Editor Nick Hodge discusses a global nuclear revival as dozens of new reactors are being built in China, India, and the United States.

Trading Stocks at Their Best: How to Secure Your Trading Success
Ian Cooper’s readers have a reason to be happy. He’s currently on an historic run, nailing 59 winners out of his last 61 plays… and he told me this morning that this is only the beginning. Keep reading to find out how to share in Ian’s groundbreaking success.

Start-up Smart Grid Companies: 2 Smart Grid Companies with IPO Implications
Green Chip Stocks Editor Nick Hodge explains how to profit from the Smart Grid and names two of the hottest potential new IPOs. 

The Hottest Domestic Oil Play in Decades: Playing Petro Supply and Demand for Profit
Wealth Daily Publisher Brian Hicks comments on the state of energy in the United States and around the globe and explains why we’re in a perfect storm for investment in oil.

Investing in Molybdenum: The Legend of Masamune
Energy and Capital Editor Luke Burgess tells investors how to profit from rising molybdenum prices through molybdenum stocks.

U.S. Use of Nuclear Energy on the Rise: The Nuclear Companies You Need to Know About
Editor Nick Hodge discusses the coming growth of nuclear energy in the U.S., and how to profit as new reactors are approved and constructed.

Top American Wind Energy Companies: 10 American Wind Energy Companies You Should Know
Green Chips Stocks guru Jeff Siegel names ten domestic wind companies that are sure to please those looking to "Buy American".


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