Pages

Friday, July 30, 2010

Experienced Roughnecks From the Gulf Flying into the Bakken

The Oil Patch Hotline is reporting some interesting news:
  • 139 active rigs now, another dozen are expected between now and the end of the year
  • Critical shortage of roughnecks is forcing some operators to fly in workers from the Gulf
  • New computer controlled rigs can cost $16 million to build; require experienced hands
  • Day rates for these rigs: $16,000
  • Roughnecks from Louisiana are in the Bakken for two weeks; then fly home for two weeks
  • At $16,000 day rates, producers fleeing natural gas and moving to oil
  • Five companies mention they will have more rigs in the Bakken by the end of the year
Source at the BakkenBlog; dated July 29, 2010; will be there for 30 days; then archived

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.