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Thursday, August 23, 2012

Schlumberger Frack Crews Moving from Colorado Gas Fields to The Bakken

Link here (these links break early and break often).

Data points:
  • Bill Barrett Corp suspended drilling operations in Piceance Basin due to low natural gas prices
  • 70 workers from Schlumberger's Grand Junction (CO) office to North Dakota
  • About 60 workers remain at the Grand Junction office
  • Garfield County affected
  • Garfield County once led Colorado in drilling but is now ranked a distant second to Weld County, where oil drilling is main focus
Several story lines: the most important story line -- the faster the US gets its natural gas export program up and running, the better.  It's a win-win for everyone -- even east coast senators, but it will be interesting to see if east coast senators can see their way to support this.
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2 comments:

  1. AnonymousAugust 26, 2012 at 8:11 PM

    Curious, it didn't say where they were moving their crews to in ND? Williston by far has the largest facilities (and expanding once again) But I think Schlumberger also recently built a a facility in Dickinson. Note on Williston's new huge facility on the west side of town...they have 2 more large buildings going up to the north on the land they recently aquired and annexed into the city. I think Schlumberger west side yard will be comparable to the Halliburton and new Weatherford complexes in size and buildings.

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    Replies
    1. Bruce OksolAugust 26, 2012 at 9:25 PM

      I was just recently made aware of Schlumberger's two new buildings. I was quite surprised Schlumberger's complex was "dwarfed" by BHI's new complex -- but now it makes sense. It really is impressive all that is going on. For me, this tells me these guys think the Bakken will be around for a few years.

      With regard to where the new frack crews are going, I have no idea. Maybe another reader will provide that information.

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