- $49 / bbl WTI
- 49 active rigs in North Dakota
The world is drowning in oil: Reuters data shows that the volume of crude oil plying the world’s oceans hit a record high 47.8 million barrels per day in April, a 5.8 percent jump compared to December levels. That is a worrying sign given that December was the month before OPEC began reducing, so if global crude oil shipments are above even those elevated levels, then supply is probably higher right now than many believe.
US petroleum demand back to record highs
A recovery rate of 25%?
Oasis re-frack looks successful
Soaring sand costs
Random look at CLR's completion solutions
East coast refiners curtail CBR from the Bakken
ND legislature clarifies minerals under Lake Sakakawea