However, I did post about ten new posts last night, and updated older posts.
I'm watching the daily active rigs: we're at the all-time high of 201, and a) the weather is great; and, b) the 3-day weekend is behind us.
I also wouldn't be surprised to see a nice daily activity report out of NDIC yesterday. A lot of new permits yesterday were reported, but no new wells.
Someone asked why they would be laying track for crude-by-rail oil loading facilities an an oval/circle like they are doing just outside of Trenton. Last night I drove by both that facility and the one at Dore. The Dore facility is a linear layout and the length of the train was huge, and, of course, blocking a lot of railraod crossings used by local farmers. One more reason for the oval layouts.
By the way, did you all note this line in the most recent "Director's Cut"?
The idle well count dropped significantly to 816 wells in July, but normal is 450, indicating a continuing backlog of over 350 wells waiting to be fracked.He also mentioned that with pipeline, truck, and rail, takeaway capacity easily meets production.
