Wrap-Up: North Dakota Oil, 2010 -- Huge $$$$ All Around

Link here. Regular readers "know" all this. Nothing new.

Snippets:

• Expectation: 20,000 more wells over next 10 - 20 years
• Each well drilled generally requires more than 2,000 trips by heavy trucks carrying equipment, water, sand and other materials, meaning the patch will need more than $900 million for construction and upkeep to county and township roads during the next 20 years
• The state’s oil and gas energy impact fund has been increased, from the present $8 million to $100 million for the coming biennium
• Of the $100 million, $35 million is allotted to oil hub cities Minot, Williston and Dickinson, collectively
• For the first time in history, the budget includes a “special” fund for county and township roads in “oil country,” about $142 million

When they talk about "truck trips," it takes about one (1) million gallons of fresh water to frack a well and the trucks carry about 7,500 - 8,000 gallons (125 truck-trips required just for the water).

Seventy-five (75) percent of oil is still trucked from wells in North Dakota; that's how far behind the infrastructure is.

When I get the time and if I remember, I will put the link that reminds folks that analysts expect drilling to continue until 2030 and production to continue through 2100. Okay, I found the time and the link: here's the link.