The Bakken fracking boom is a testament to the innate ingenuity of the human mind. Who thought just a few short years ago that application of new technology on old oil fields would turn North Dakota into America’s 2nd largest oil producing state, and subsequently turn around a century of out-migration. What a tremendous opportunity. […]
Where the Well Things Are
Everything we thought we knew about energy development just a few short years ago seems to have been turned on its head. Some of this change has been caused by new technology, some by old politics; a lot by larger forces in the world around us: Over the next three decades, world energy consumption is […]
Bakken Boom May Need Timeout
Earlier this year, the USGS estimated “mean undiscovered volumes of 7.4 billion barrels of oil, 6.7 trillion cubic feet of associated/dissolved natural gas, and 0.53 billion barrels of natural gas liquids in the Bakken and Three Forks Formations in the Williston Basin Province of Montana, North Dakota, and South Dakota.” Interesting news out of North Dakota’s […]
Drilling Down on Oil Rigs in the Mountain Time Zone
Oil drilling rig counts are at an all-time high… or dropping off, depending which report you read which week for which area. Overall, industry source Baker Hughes reports relatively stable activity, declining slightly to levels just below last year nationally. Last week there were 895 rigs drilling in Texas, 199 in Oklahoma, and 186 in […]
Behind the Bakken Boom
North Dakota surpassed Alaska this summer to become the 2nd largest oil-producing state in America, behind Texas. There are 1/3 more wells now producing 3/4 more oil than a year ago and over twice as much crude produced as two years ago. Most of those wells are in the Williston Basin’s Bakken Formation, a shale […]
