Wednesday, July 20, 2011

Another Reocrd: 184 Active Drilling Rigs -- No More Posts Until Later Today

I will be out and about all day.  I will post late this evening.

Lots of information along the sidebar, especially for new folks who are interested in the Bakken.

In the last couple of days, "we" have hit new records in number of active drilling rigs -- from 179, to 180, then 182, and then 183.

I just checked. A new record! 184 active drilling rigs in North Dakota. Just two weeks ago or so, we had hit a recent low (166), so this move is quite spectacular.

I see the price of WTI oil is up about $1.00 today, amid reports (that were blogged yesterday) that US crude oil supplies fell for the 7th week in a row.

KOG continues to rise despite announcement to issue 24 million more shares, adding to its current 180 million outstanding shares. 

Brooklyn oil field is getting exciting, as someone has noticed -- two rigs on site on this small field.

And construction is starting on another crude oil rail loading terminal; this one near Trenton, ND. If I remember, this will get a stand-alone post later.

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