Monday, October 24, 2011

Bakken Boom Spreads to Montana, South Dakota

1. "The North Dakota oil boom is spreading into Montana, bringing development opportunities for businesses stretching across both states, said Tom Rolfstad, executive director of economic development in Williston, N.D."

2.  "South Dakota auctioned off some 67,000 acresof public land in Harding and Butte counties earlier this month — one of the largest oil based public land sales in the state's recent history. One hundred and eighty six of the 189 lots were scooped up by Bedrock Oil and Gas of Boerne, Texas. Could this mean the state is on the edge of a North Dakota-like oil boom?

At this point the most responsible answer is “maybe.”  Bedrock Oil and Gas have chosen to keep their intentions to themselves at this point. But they certainly didn't buy all that land for a hunting ranch."

No comments:

Post a Comment