North Dakota’s Booming Oil Patch Swelling South

Bloomberg reported North Dakota’s oil patch moving to South Dakota over the prospect of finding another reservoir like the Bakken shale formation.

As quoted in the market news:

Energy companies are gambling on South Dakota having a bigger piece of the oil action. The state’s Office of School and Public Lands auctioned off some 67,000 acres of oil and gas leases this month worth more than $521,000, mostly in Harding County. All but four of the 189 lots were leased to Bedrock Oil & Gas.

Click here to read the full Bloomberg report