| 7/31/2015 | 07/31/2014 | 07/31/2013 | 07/31/2012 | 07/31/2011 | |
|---|---|---|---|---|---|
| Active Rigs | 74 | 193 | 180 | 208 | 184 |
So, what's the breakeven price for drilling for crude oil in North Dakota? NDIC has this to say about that with link here: https://www.dmr.nd.gov/oilgas/BreakevenHistorical.pdf.
Exhibit A is at this EIA link.
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Exhibit A: Why Feds Won't Stop CBR
90% Of California's CBR Comes From The Bakken
Exhibit A is at this EIA link.
Bakken crude oil production from the Midwest (PADD 2, Cushing) is the major source of rail shipments to the West Coast (PADD 5), accounting for nearly 90% of West Coast crude-by-rail receipts in 2014. Relatively small shipments from other domestic regions have also increased. Shipments from the Gulf Coast (PADD 3, Texas-Louisiana) tripled from 2013 to 2014, and Rocky Mountain (PADD 4) shipments quintupled. These increases in crude-by-rail movements occurred only after West Coast crude-by-rail unloading infrastructure was significantly expanded.And there's more, look at this headline, from June, 9, 2015: Crude by rail provides the West Coast with supply as regional crude oil production falls --
While total U.S. crude oil production increased by nearly 3.2 million barrels per day (b/d) from 2010 to 2014, production in the West Coast region (PADD 5) decreased by 0.1 million b/d, continuing a long-term decline. With no major crude oil pipelines connecting the West Coast to other parts of the country, refineries on the West Coast adjusted to the declining in-region production by increasing imports of foreign crude oil, reaching an average of 1.1 million b/d over the past five years. Shipments of domestic crude by rail (CBR) to the West Coast have also increased, from an average of 23,000 b/d in 2012 to 157,000 b/d in 2014. In the first quarter of 2015, West Coast CBR movements averaged 191,000 b/d.There's a nice graph of PADD crude oil capacity at this link.
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