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Bakken Shale Operators are Outperforming

by Kenneth E. DuBose on July 7, 2011

Just a short quote from a fund manager who has done really well over the past few years.  His assets are focused in the Bakken Shale of the Williston Basin.  This is good for mineral owners in that as long as the oil companies are getting returns they’ll keep on drilling.  More drilling = more leasing and more royalties.

“As the biggest flood in more than a century threatened to engulf the offices of Viking Fund Management in Minot, N.D., last month, Robert Walstad was kept busy making sure the firm’s backup sites were ready. Almost the only thing he wasn’t worrying about was the portfolio of stocks in the Integrity Williston Basin/Mid-North America Stock fund he manages.”" ‘That’s all been going well,’ he says, despite the fact that many of the industries the fund invests in have been touched by recent flooding. ‘Sure, some of the oil-patch drilling sites have a lot of mud this year and will need some time to dry out, but a lot of companies that do business in the Williston Basin are realizing that they are sitting on tons and tons of oil, more than they had expected.’ “

Read the complete news release at wsj.com

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