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Friday, April 25, 2014

Update On Declining Number Of Rigs In North Dakota

A reliable source suggests that road restrictions do account for some of the decline in active rigs that we are now seeing in the Bakken, but he suggests the decline will continue. With most leases in the Bakken held by production, operators are moving resources to other plays such as the Niobrara and Mississippi Lime.

Again, this link to "road restrictions," a PDF; the reader says the restrictions appear to be pretty "tight" right now. 
https://www.dot.nd.gov/travel-info-v2/downloads/loadrestrict-current-printable.pdf

There are some other story lines here, but some of it is beyond my comfort zone and purely speculative. Suffice it to say, it will be interesting to see production numbers this summer. 


4/25/201404/25/201304/25/201204/25/201104/25/2010
Active Rigs182186209176110

All-energy edition from CarpeDiem: Bakken boom will continue through 2039, a decade longer than originally forecast.

Also from CarpeDiem: scrap the outdated, protectionist Jones Act

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