The U.S. economy is slowly expanding, and ready supplies of oil, along with the continuation of the easy money policy kept in place by the Federal Reserve last Wednesday, are going to be integral to the recovery process that finance institutions worldwide acknowledge is ongoing. The major focus of American production comes in the form of the development of domestic oil fields, and has evolved spastically and drastically in two regions recently: the Eagle Ford formation in the southern portion of what is euphemistically known as West Texas (of West Texas Intermediate, or WTI fame) and the Bakken/Three Forks formation that straddles Montana, North and South Dakota, and sprawls into southern Canada. The Southern extent of this range, the Williston Basin, is where we find one of the key players in this E&P Cinderella story.
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