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North Dakota Oil Booming

Once again, those evil oil companies stick it to the little guy.

In less than a year, Stohler and his wife, Lorene, 82, have become millionaires from the production of one well on their land near Dunn Center, a mile or so from the sod home where Oscar grew up. A second well has begun producing on their property and another is being drilled — all aimed at the Bakken shale formation, a rich deposit that the U.S. Geological Survey calls the largest continuous oil accumulation it has ever assessed.

Landowners in western North Dakota have a much better chance of striking it rich from oil than they do playing the lottery, say the Stohlers. Some of their neighbors in the town of about 120, from bar tenders to Tupperware salespeople, have become “overnight millionaires” from oil royalty payments.

“It’s the easiest money we’ve ever made,” said Lorene Stohler, who worked for decades as a sales clerk at a small department store.

Posted by Owen at 1858 hrs
Off-Duty

1. Well done keep the oil flowing!

   Posted by .(JavaScript must be enabled to view this email address) on July 03, 2008 at 0622 hrs
   
   
   

2. I’d love to know how you think big oil is “sticking it to the little guy” in this case.  Sounds to me like they have made themselves a real nice deal!

   Posted by .(JavaScript must be enabled to view this email address) on July 03, 2008 at 0917 hrs
   
   
   

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