The Hughes rig count for the week of 9/26 had 1995 land rigs running of which 423 were drilling for oil. So at over 80 rigs in ND drilling for oil, 1/7th of the US oil drilling fleet was working in ND. And the operators are working on getting more rigs and workers to ND, but they have already put all the old usable rigs to work and new rigs are 2-4 years in the making from when someone orders one. The Nabors Wyoming district has sent 4 rigs to ND in the last 9 months that were temporarily idle and don't have anymore rigs available. The ND rig count in March 2007 was at 30 with 2 rigs in Mountrail Cty. I think it is amazing that the fleet has grown this fast and has done as well as it has. Despite a few rigs and/or operators not doing well, there haven't been any blowouts or fires and they are drilling these wells at an amazing clip.
Don't know why the big boys haven't gotten involved yet. They usually do just buy out a smaller company once they have the proven reserves they want on their books. Shell seems to be concentrating on nat gas. Maybe they don't want to mess it up. On Oct 1, 11:25 am, retiredman <[EMAIL PROTECTED]> wrote: > Can someone explain to me why of the 2081 oil rigs in the US only 86 > are in North Dakota. Also, why have the really big oil companies - > Shell, Chevron/Texaco/Exxon-Mobile not become involved yet. > Thanks --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Bakken Shale Discussion" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/bakken-shale-discussion?hl=en -~----------~----~----~----~------~----~------~--~---
