Let's Do This Again -- But This Time, Use "Percentage Change" -- February 4, 2022

Link here. 

A reader reminds me that one of the four additional rigs in the Williston Basin was in the great state of Montana. 

Geo politics: in the big scheme of things, North Dakota, east of Minot needs to be given to Minnesota and the eastern Montana, east of Wolf Point, needs to be ceded to the "real" North Dakota.  Same with South Dakota, Wyoming, and Minnesota. Same number of states, just slightly different state lines. If only.

Let's do it again, this time as "percentage change":

• Bakken: up an astounding 13%
• Permian: up 0.03%
• DJ Niobrara: 0%
• Eagle Ford: down 2%
• Cana Woodford: down 4%;

It's a lot easier for the Bakken than the Permian to double the number of active rigs.