Tuesday, October 16, 2012

OXY Down To Four (4) Active Rigs Today

The number of active rigs fluctuates from moment to moment. So, any number posted can change five minutes later, but right now, according to the NDIC website, the number of OXY USA active rigs in North Dakota is four (4). 

"Cut and paste" from my FAQs page:
OXY USA: 15 rigs, January, 2012; 13 rigs, February, 2012, but company says it expects to have 6 rigs by end of 2012;
Newfield has three (3) active rigs at the moment, in North Dakota.  That is in line with their June presentation when they said they would operate a 2 - 4 rig program in the Bakken.

Newfield is down to about 100,000 net acres in the Bakken. OXY USA has somewhere between 275,000 and 300,000 net acres in North Dakota, to the best of my knowledge.