I don't get it. There are 114 active rigs in the Bakken. They can drill a well in less than 30 days. There is a backlog in fracking, and Halliburton now has crews working 24/7, and we are almost into our sixth month of 2010, and yet, and yet, .... the daily reports of completed wells are well, lackluster.
[Wells can stay on the confidential list for six months.]
Yesterday, two wells reported. The day before, two. Today, none. Only one well came off the confidential list today and that was because the permit was canceled.
The good news is that the list of new permits continue to grow, averaging about four to six new permits every day. Today there were six new permits but even that list was not particularly exciting: no Eco-Pads, no multiple-well sites.
Maybe I will be pleasantly surprised tomorrow, but today was a bummer as far as the daily activity report goes.
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