Sunday, October 18, 2020

Biden Said Very Clearly He Will Not Ban Fracking: He Said Very Clearly, There Will Be A Moratorium On New Federal Oil And Gas Permits -- October 18, 2020

Fact check: link here. Best Snopes could do: “mostly false.” LOL.

Link here. One of many; can easily find others.

One could argue that the best thing that could happen in the Bakken right now would be a moratorium on new federal oil and gas leasing. I'm not saying I would support that; I'm just saying "one" could argue that. I may not be the "one" to make the argument. But tossing some things around.

The current shale revolution in North Dakota began with permits at about permit #16500.

It looks like maybe 800 wells are being drilled each year in North Dakota. 

In round numbers there are about 16,000 producing wells in North Dakota. 

Right now, the most recent oil and gas permit is #37904. 

37904 - 16500 = 21,404 permits/wells.

21,404 - 16,000 = 5,404 permits/wells. 

Every "Bakken" well drilled between 2007 and 2018 needs to be re-evaluated for re-fracking. 

I would imagine about 20% of the Bakken is federal. 

Link here.

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