Wednesday, April 17, 2013

Time For A New Poll

... but first, the results of the current poll:

For mineral owners only: if the price of oil drops to $40/bbl, would you want to drill a new well at $40/bbl, or when oil is back to $100/bbl?
  • Drill a new well when oil is at $40/bbl: 11%
  • Drill a new well when oil is back to $100/bbl: 44%
  • Drill whenever; it doesn't matter: 45%
Folks may want to look at the tax rates on oil production.

Now, for the new poll. Lynn Helms suggests that we will see upwards of 198 rigs in North Dakota this summer. So, the new poll:

On the morning of August 14, 2013, will there be fewer than 190 rigs actively drilling in North Dakota; 191 - 200; or, more than 200?

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