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Update on plans to annex 897 acres north of Williston.
The Williston Wire provides the top 20 operators and their cumulative production of oil in North Dakota, going back 60 years. A separate stand-alone post will be shown soon.
Takeaway: spokesman suggests that the combined pipeline and rail takeaway capacity for North Dakota crude oil will reach 1,538,000 bbls per day by the end of this year (2013). By the end of 2016, capacity is projected to reach 2,123,000 bpd.
Hess commits to $2.2 billion in the Bakken. Divided by $12 million/well --> about 185 wells. Hess has 16 rigs on the active rig list; 16 x 12 months --> 192 wells. [Comment: generally, the companies get around to drilling most of the wells they permit in the current boom within a few months. So, how does "185" compare to past years? In 2012, Hess was issued 213 permits in North Dakota. In 2011: 158. In 2010: 143.] [Summary of annual permits at this post.]
New wellness center to open soon in Watford City.
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