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Monday, August 29, 2011

Headline: Spring Flooding Affected Oil Industry -- Bakken, North Dakota, USA

Link here.

The headline told us what we already knew.

The story, on the other hand, told us how little the spring flooding actually affected the North Dakota oil industry:
Thomas Nusz, president and CEO of Oasis Petroleum, said his company's production dropped 2 percent in the second quarter.
"That being said, we're up significantly or 77 percent from the second quarter of 2010 and up 5 percent from our fourth quarter 2010 production levels."
The good news: oil companies made changes in operating procedures and long term plans to better handle the unpredictable North Dakota weather.

By the way, the great weather and long days here in North Dakota at this time of year is great for construction projects. Williston is right on the Central Daylight / Montana Daylight time zone, meaning that it stays light late into the evening. When it is 10:00 p.m. in Chicago, it is 10:00 p.m. here in Williston, but being right on "the link," it is really about 9:00 p.m. by "light" standards.

As noted in yesterday's postings, folks are working seven days a week in the Bakken.

And some folks are making more money "makingdenimbluejeans" than drilling for oil.

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