139

I was heading for bed but wanted to update the blog one last time. I checked the "Current Active Drilling Rig List," saw "139" and moved on, thinking we had already crossed that threshold. But then I noted the "record" which was 138.

Incredible. 136 earlier today and now, at the end of the day (bless those roughnecks), "we're" up to 139, another record.

I just loaded highlights of Whiting's 2Q 2010 earnings. Someone should check my math, but year-over-year their production has increased almost 10,000 barrels/day. At $50/bbl, that works out to $500,00/day increase in cash flow since last year. I don't know about you, but for a small mid-cap company in North Dakota, $500,000/day increase seems like a lot. Again, I may have my calculations wrong; if so, someone will correct me.