Regular readers are very aware of the impressive effectiveness of the new rigs and the new completion processes in the Bakken.
Don caught this very, very interesting graph, worth a 1,000 words, as they say. Note: this is production per rig, not per well.
There are several story lines here but the graph pretty much speaks for itself. One nice thing about the graph: it starts in 2007, the year in which I consider the beginning of the North Dakota Bakken boom (the Bakken boom began in Montana in 2000).