low cost low risk model

The following (regardless of whether it is exactly accurate) really puts in perspective the great economics of MADs bussiness model...While massive horizontal wells, offshore drilling with big rigs may get the punters excited I personnally like MADS low cost repeatable bussiness model that is likely going to outperform the very large majority over time without the risk.

the The Bakken shale...
"In January 2012, oil production in North Dakota hit 546,000 b/d, up from 342,000 b/d in January 2011, 253,000 b/d in 2010, and 187,000 b/d in 2009...........It took the production from 6,617 wells to produce North Dakota's 546,000 b/d in January............. Divide the daily production by the number of wells and you get an astoundingly low 82 b/d from each well......Within a few years most wells are producing in the vicinity of 100 b/d or less which is why the state average for January is only 82 b/d despite the addition of 1300 new wells in 2011.......as they first must be drilled down 11,000 feet and then 10,000 horizontally through the oil bearing layer before the fracturing of the rock can take place. The "fracking" involves at least 15 massive pumps that inject water and other chemicals into the well. Take a Google Earth flight over northwestern North Dakota. The fracked wells are hard to miss as there are now about 9,000 of them and they are each the size of a football field."