March 30, 2018: update here.
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).