No, Virginia, Oil Production Did Not Stop In Oklahoma (Or North Dakota)

A reader wrote in after listening to the SandRidge conference call on the "GoM sale." During the Q & A, one of the Wall Street analysts actually asked if oil production had stopped in Oklahoma. The CEO "chuckled" and said, "Well, it only got to five degrees in Oklahoma City. Work might have slowed a bit, but did not stop."

The reader who sent that and I both wonder about the lack of common sense in this country on some issues. Everything seems to be a crisis. The same reader said he talked to two folks last night who each work for a different (oil?) company in North Dakota and both of them said they worked through the cold weather.

Ranchers, by the way, and folks with dairy cows, by the way, are working through the weather, also. And, so are a lot of other folks (see The Dickinson Press link below).

I posted this earlier but it was buried, so I will post it again.

Remember that post yesterday in which the Frankfurt, Germany, analysts said:

"It is so cold that they cannot produce at full capacity, if at all. That should support prices," said Carsten Fritsch, senior oil analyst at Commerzbank in Frankfurt.

Meanwhile, The Dickinson Press says: "51 below doesn't hinder western North Dakota much."

At worse, it seems some operators had to delay fracking operations one or two weeks; see the Samson Oil & Gas update at the original link.

Also, for the umpteenth time, the number of active rigs in North Dakota has actually been increasing through this bit of severe cold.

Again, a huge shout out to the roughnecks working on the rigs.