tag:blogger.com,1999:blog-1149283829854298377.post6512754357892643238..comments2024-03-28T15:12:38.709-05:00Comments on The Million Dollar Way (The Bakken Oil Blog): 5 Of 7 Wells Go To "DRL" Status; WPX With A Gusher In The Bakken; Seven (7) New Permits -- North DakotaBruce Oksolhttp://www.blogger.com/profile/10952652803684625738noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1149283829854298377.post-39652753993903204102014-07-02T09:38:15.700-05:002014-07-02T09:38:15.700-05:00Agree completely.
I think the Bakken is not quit...Agree completely. <br /><br />I think the Bakken is not quite there, but almost there as a "mature" field in which the operators pretty much have the Bakken (not including the Three Forks) completely delineated, and will now develop the Bakken at their pace depending on their particular strategies and business plans. <br /><br />New flaring guidelines will offer new opportunities for natural gas gathering and processing companies. It certainly seems the infrastructure in the Bakken (about four counties in western North Dakota) is optimized for about 185 active rigs. <br /><br />As I've mentioned before, older rigs are being replaced by bigger, better, newer rigs and fewer rigs does not necessarily mean less production. I track the number of rigs mostly because it provides an indication of the level of activity, and each rig represents a lot of jobs.Bruce Oksolhttps://www.blogger.com/profile/10952652803684625738noreply@blogger.comtag:blogger.com,1999:blog-1149283829854298377.post-85462639625832257132014-07-02T08:57:05.854-05:002014-07-02T08:57:05.854-05:00Clr has a new July pdf. presentation. It is all m...Clr has a new July pdf. presentation. It is all mostly the same. The slide showing future growth has been updated some, new colors, and a comparison of Bentek study, 200 rigs, and 250 rigs. The cool Thing is that they are showing nothing but growth all the way into 2024. Just imagine if the tax structure was tweaked just a little bit to make this the premier IRR field, then imagine 300, or 350 rigs. Naysayers need to find a new topic. Bakken Ownerhttps://www.blogger.com/profile/09529106861001326125noreply@blogger.com