Modern Day Gold Rush – Bakken Shale
The modern day entrepreneur has undoubtedly considered the gold rush of the 1800′s, and dreamt about the possibilities that a modern day gold rush would bring. In today’s world, opportunities come up frequently, albeit with varying levels of success rates, however, those keen on the oil and gas industry can partake in the true gold rush of the modern age.
Wherever oil is discovered, flocks of pioneers and entrepreneurs alike rush to the scene to discover their potential for return. The Bakken Shale is perhaps the most important oil discovery of the passed one hundred years.
Many are well aware that there has been a plethora of oil in the Bakken Shale for over 60 years, but only recently have the horizontal drilling and fracting techniques evolved to the point where these oil reserves are now within reach.
It’s easy to see that oil & gas investing is here to stay, with the best oil and gas returns yet to be seen.
See more at MSNBC
Bakken Shale – America’s Secret Oil Reserve
The Bakken Shale has been a hot button issue in the oil & gas investment scene for several months now. This area, which is primarily in Montana and North Dakota, stretching up into Canada, is a wealth of oil and natural gas.
For over a decade it was known that oil resided in this shale, but it wasn’t until recently that modern geological equipment and drilling techniques evolved to the point where we could tap into this treasure trove. Even still, no one anticipated exactly how much of the precious resource we would uncover there.
Recent surveys have shown that there is a total mean resource of 3.65 Billion barrels of oil.
More information about the exciting Bakken Shale is available at geology.com
Courtesy: Geology.com
