by wdalessi | Sep 4, 2020 | Uncategorized
According to the September 4th, 2020 Baker Hughes Rig count report the number of oil rigs operating in the Williston Basin has fallen to 9! This is an incredibly low number. It must be far bellow the maintenance level needed to maintain current production...
by wdalessi | May 10, 2020 | Uncategorized
Because of the ongoing collapse of oil prices the number of active drilling rigs in North Dakota continues to fall. With the latest count standing at just 20, production in the Bakken is set to fall in the coming months. Even though demand has declined drastically,...
by wdalessi | Sep 17, 2019 | Uncategorized
According to a CNBC.Com article today, Saudi Arabian oil production looks to increase to normal levels faster than initially expected. The oil markets worst fears of a prolonged production output may not actually happen. Some sources think up to 70% of normal...
by wdalessi | Sep 16, 2019 | Uncategorized
Over the weekend oil production was damaged and taken offline as a result of missile and drone attacks. It is initially feared that up to half of total Saudi Arabian oil production has been taken down. This would represent up to 5% of total world oil production and...
by wdalessi | Sep 13, 2017 | Uncategorized
For the drillers in North Dakota, things seem to be stabilizing at just over 1 million barrels per day of oil production. According to a recent North Dakota Department of Mineral Resources report oil production in the state is just above 1 million barrels per day....
