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Monday, February 22, 2010

95

Number of active rigs in the Williston Basin: 95. Up one more from yesterday.

Number of active rigs now equals the all-time high in the current boom, set back in 2008. If I counted correctly, the 95th rig was an EOG rig. If so, EOG is now up to 13 rigs in North Dakota. I can't remember what EOG said their target was but I always thought EOG was going to have 12 rigs in North Dakota this summer; if EOG puts in more than 16 rigs in North Dakota in 2010, this will speak volumes about what might really be going on in North Dakota.

The all-time high during the current boom (since 2006) was 95, back in 2008.

Most folks think there will be 100 active rigs in North Dakota by mid-2010.

Check "new wells reporting": it was  a spectacular day in the Bakken: 8 wells reporting IPs (more wells actually than that coming off confidential, but not yet completed); 5 wells with IPs greater than 1,000 bopd, and 4 of those wells were very, very good and were Whiting wells (not surprising).

If today's daily activity report (February 22, 2010) doesn't get you excited (or keep you excited) about the Bakken, I have no idea what else the roughnecks and the fracking crews can do to get your attention. That was a very interesting report.

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