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down 42 from last week where the trajectory was about 15 or so per week
I guess that going from 1,759 to 993 is really a 43% drop, but I was just going by what the reporter said. If you round-up to the nearest 10% it's 50%. I'm calling it good.
If it drops 42 again next week, the count will be exactly 50% in a couple of weeks.
The same spreadsheet shows ND rigs down from 178 to 90 which is much closer to 50%, if that's worth anything. It also shows that from Apr '13 to Apr '14 the count was almost unchanged.
Like I said, rig count down != well count down. If there is a rig out there, the well count is going up, in general. ( Wells go out of service all the time, so it is always a moving target. )
Wait a sec, there is that many drilling rigs, or that many wells? There was just over 100 a year ago. I don't disbelieve you, its just shocking to hear those numbers when you are talking "drilling".
Wait a sec, there is that many drilling rigs, or that many wells? There was just over 100 a year ago. I don't disbelieve you, its just shocking to hear those numbers when you are talking "drilling".
Yeah right. ND rigs were 178, but down to 90 according to my cite.
The bigger number is the national total.
I mentioned "wells" to make it clear that oil production can go up even with lower rig counts.
Yeah right. ND rigs were 178, but down to 90 according to my cite.
The bigger number is the national total.
I mentioned "wells" to make it clear that oil production can go up even with lower rig counts.
OK, now it makes more sense. When City Data exploded with Bakken chatter, I started collecting important url's so when we'd get a repeat question, I could throw the URL up for a reference. I have the database with the url's on an external 1 tb hard drive. In June, my computer bit the bullet, so I've been running on a notebook since then and can't access that database. One of the links is an active map showing every well, direction of horizontal drilling, and it shows every rig. Back in June I knew there was something like 127 rigs, so when you posted those numbers, it was a total shock. haha
Bakers hughes laid off over 700 of us in the last 60 days.
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