The Miraculous North Dakota Boom Is Over -- The Atlantic

I haven't had a chance to read the entire article at this link in The Atlantic which "anonymous" sent me with the question, "thoughts?"

Here are my thoughts, quickly done, needing to move on:

That would be correct, the boom is over. We are now in the manufacturing stage. The manufacturing stage was forecast about a year ago.

This is the neatest bit of trivia. Anyone who has a well in North Dakota (any mineral rights own) will eventually have four wells; some will have eight wells; a smaller number will have 16 wells, and maybe more. But when this all started, folks were happy if "their one well" came in. They had no idea, and some still do not yet realize, that they will eventually have 4, 8, 16 or more wells.

If the boom is over, I would say most North Dakotans would be thrilled; now to move into the even busier manufacturing stage.

Exciting, isn't it? Now, time to get back to the Bakken manufacturing stage. Did you all note that WPX was issued permits for seven wells on one pad today, something we never saw a year ago.

For the record:

February 14, 2013:

• Permits to date: 322
• Projected # of permits for 2013: 2,612
• Projected # of permits for 2012 same time one year ago: 1,841
• Permits issued in 2012: 2,521 with 30 or so ultimately canceled.