BRIGHAM EXPLORATION CO (BEXP)

[Picassa]

TER: With the uncertainty in the Gulf, do you see a shift to onshore exploration?

SDP: Every oil company would like to have a steady production base, and if you can't get that offshore, because projects might not start on time or might not get developed or you're going to get a start/stop production profile, then investors really don't like that. What they like is steady production, and that comes from onshore, where you can actually manage drilling programs and deploy rigs on schedule. Onshore gives you the power to create your own destiny. I mean, the Bakken Shale has been really the number one spot to be. A lot of the merit of the Bakken Shale has already been priced into Bakken stocks, but there's even more value being placed on the onshore because it's one of the only places where companies can go in the U.S. and really envision growing oil production.

http://seekingalpha.com/article/208042-opportunities-in-oil-as-a-result-of-the-gulf-spill