Active Rigs Increase By One After Days Of No Movement; Also, Break-Even Prices In The Bakken; California Reliance On Foreign Oil, Bakken Oil -- July 31, 2015

Active rigs:

	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.

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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.