Companies are drilling with budget money that was allocated a year ago. Day to day oil price has little to do with it. If oil were to stay low for 6 months to a year ROR would decrease substantially and would most likely result in fewer rigs. I have already heard of a few companies that are releasing their rigs.
On Nov 7, 9:16 am, David <[EMAIL PROTECTED]> wrote: > as reported on the ND dmr active well rig site Nov 7th 2008 > > 95 with 32 or almost exactly 1/3 of those in Mountrail > > https://www.dmr.nd.gov/oilgas/riglist.asp > > Does anyone know if that would be an all time high for ND? > > It looks to me that, if anything, with lower oil prices, drillers are > focusing on ND and Bakken, not staying away. --~--~---------~--~----~------------~-------~--~----~ 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 -~----------~----~----~----~------~----~------~--~---
