NORX looking super strong today +.015. L

NORX looking super strong today +.015.



Leasing and drilling activity in the Bakken Fairway region has increased dramatically since late 2010. As of March, 2012, over 100 wells have been drilled in Alberta and Montana with the Bakken as the principal target. Over 30 of these wells were vertical wells with the primary purpose of delineating the Bakken formation.

In Montana, Newfield, Anschutz and Rosetta are considered to be the most active drillers, while historically Occidental, ARCO, Shell, Phillips and Sun Exploration have all been active in the South Sun River Bakken Prospect area. In Alberta, it is Crescent Point, Murphy Oil, Bowood and Shell who are the most active Bakken drillers. Analyst Wood Mackenzie estimated 2.6 Billion BO may be recovered from the Bakken Fairway.