The WealthAbility Show with Tom Wheelwright, CPA cover image

Oil & Gas: The Dirty Details

The WealthAbility Show with Tom Wheelwright, CPA

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Exploration Versus Development in the Bakken

When we talk about exploration, it's different than you're going out drilling a one well project in a conventional sense as versus drilling a horizontal well. These plays have good porosity, but they don't have permeability. So these are very organic, rich plays. The question is, the question is, how to get it out of the ground. And that's where the hydraulic fracturing comes in and then you break the rock up,. And that allows the oil to flow back.

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