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 […]
