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, the lack of drilling could lead to a supply shortage starting in just a few months. The natural decline rates in the Bakken require oil companies to maintain a certain amount of drilling to offset the natural decline of the existing producing wells. While the current price of oil certainly does not make drilling new wells profitable, the price may rise in just a few months.
