Forget North Dakota — There's A New Shale Oil Boom State In Town

You probably saw our big feature on reporter Robert Johnson's trip to Williston, North Dakota, the capital of the state's Bakken shale oil boom has led to defacto full employment.

But we may have journeyed to the wrong region.

A new report from IHS Global Insight (as noted by Professor Mark J. Perry) suggests the Eagle Ford play near San Antonio, Texas, is poised to overtake the Bakken as the country's most promising oil reservoir:

“Our analysis at IHS indicates that Eagle Ford drilling results to date appear to be superior to those of the Bakken,” said Andrew Byrne, director of equity research at IHS and author of the study. “Although the well counts aren’t nearly as high at this point in development of the Eagle Ford, the peak of the well-distribution curve compares favorably with the Bakken.”

http://www.petrolucrum.com/blog/2012/08/09/Forget-North-Dakota-Theres-A-New-Shale-Oil-Boom-State-In-Town.aspx