125! Another Milestone to Mark

125 active oil rigs in North Dakota. A new high.

The number of active rigs moves up and down as many as five rigs/day, although the move is generally one or two rigs up or down.

Some folks opine that these horizontal rigs do the work of eight (8) rigs in the "old" days.

The recent increase in rigs is probably due to load restrictions being eased during summer weather. I am betting that "we" will level off here at about 125 +/- 5 rigs. The choke point to complete a well remains the availability of a fracking team.