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Rig count reflects oil boom in North Dakota

BT -- North Dakota topped the century mark in the number of active oil rigs this week for the first time since February 1982.

There were 102 active rigs as of Wednesday. The state is still below the all-time high of 146 rigs that came in October 1981, said Ron Ness, president of the North Dakota Petroleum Council. Ness said the numbers are a positive for the future of the North Dakota oil industry.

Ness said improvements in technology have allowed rigs to be more productive and efficient with the advent of horizontal drilling. “That’s the real story,” he said. Ness said that one of today’s rigs is able to do the same amount of drilling as eight older rigs in about one-third of the time.

Ness said there are roughly 4,500 producing oil wells in the state with about 1,000 new wells that ca

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Submitted Mar 11, 2010 By: stpetebp

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rsm315 All-Star Author Detroit Posts:826 Points:217,580 Joined:Dec 2009	Message Posted: Mar 11, 2010 7:45:19 AM Ignore rsm315 Report Abuse thats what we need american oil
Skipper52 Champion Author Massachusetts Posts:2,546 Points:631,975 Joined:Oct 2008	Message Posted: Mar 11, 2010 7:42:42 AM Ignore Skipper52 Report Abuse Isn't the advance of technology great. More oil in less time with less wells. But the price is still high. You have to wounder why. [Edited by: Skipper52 at 3/11/2010 7:43:13 AM EST]
no_monkey2002 Champion Author Tallahassee Posts:3,778 Points:1,122,215 Joined:Mar 2006	Message Posted: Mar 11, 2010 7:42:12 AM Ignore no_monkey2002 Report Abuse why wait ...just keep drilling...keep the oil running..we need all we can get..
DerHahn Champion Author Illinois Posts:8,111 Points:1,148,100 Joined:May 2004	Message Posted: Mar 11, 2010 7:41:47 AM Ignore DerHahn Report Abuse too much oil production brings prices down, so of course they aren't all running
Marson Champion Author Scranton Posts:4,379 Points:1,144,820 Joined:Oct 2006	Message Posted: Mar 11, 2010 7:41:18 AM Ignore Marson Report Abuse Good to see oil coming from sources inside thle US.
rjoeh Champion Author Michigan Posts:3,790 Points:1,582,765 Joined:Jun 2004	Message Posted: Mar 11, 2010 7:39:52 AM Ignore rjoeh Report Abuse Technology and those who embrace it is the way to tomorrow. I'm hoping that some of the oil wealth in ND is spread to the people living there.
rvn4me Champion Author Texas Posts:1,872 Points:553,660 Joined:Jan 2009	Message Posted: Mar 11, 2010 7:39:49 AM Ignore rvn4me Report Abuse Keep on drilling.
Tundralimited2009 Champion Author Dallas Posts:2,572 Points:517,525 Joined:Feb 2009	Message Posted: Mar 11, 2010 7:39:19 AM Ignore Tundralimited2009 Report Abuse Good to the last drop.....
danny999 Champion Author Florida Posts:3,691 Points:660,910 Joined:Oct 2008	Message Posted: Mar 11, 2010 7:38:42 AM Ignore danny999 Report Abuse well....pump,PUMP,PUNP AWAY
matman01 Champion Author Detroit Posts:9,176 Points:1,013,420 Joined:May 2007	Message Posted: Mar 11, 2010 7:37:12 AM Ignore matman01 Report Abuse I agree with Rick01
Rick01 Champion Author Utah Posts:4,026 Points:1,412,665 Joined:Sep 2005	Message Posted: Mar 11, 2010 7:35:55 AM Ignore Rick01 Report Abuse At least some of that money can stay in the U.S.
arinkrat17 Champion Author Twin Cities Posts:1,482 Points:362,615 Joined:Aug 2009	Message Posted: Mar 11, 2010 7:35:31 AM Ignore arinkrat17 Report Abuse drill more
ky_commuter75 Champion Author Cincinnati Posts:2,688 Points:998,310 Joined:Jul 2005	Message Posted: Mar 11, 2010 7:34:52 AM Ignore ky_commuter75 Report Abuse lets see more drilling.
sdhuper Sophomore Author Toronto Posts:174 Points:68,615 Joined:Dec 2009	Message Posted: Mar 11, 2010 7:34:28 AM Ignore sdhuper Report Abuse still not enough to satisfy american lust for oil
cardjcsk Champion Author Toronto Posts:2,420 Points:1,014,215 Joined:Feb 2007	Message Posted: Mar 11, 2010 7:30:15 AM Ignore cardjcsk Report Abuse But the price keeps rising
turbosaab Champion Author Cleveland Posts:9,109 Points:1,435,740 Joined:Sep 2006	Message Posted: Mar 11, 2010 7:29:27 AM Ignore turbosaab Report Abuse Good news! Keep on drilling.
LilRedWagonIN Champion Author Indiana Posts:2,823 Points:605,105 Joined:Oct 2008	Message Posted: Mar 11, 2010 7:29:22 AM Ignore LilRedWagonIN Report Abuse So, it's technological improvements that is the reason for more drilling? Are you sure it is not just the increase in prices?
Badmoon Champion Author Massachusetts Posts:3,346 Points:676,040 Joined:Oct 2008	Message Posted: Mar 11, 2010 7:27:23 AM Ignore Badmoon Report Abuse Only if they can make a lot of money, otherwise we buy it elsewhere.
Grismer Champion Author Kitchener-Waterloo Posts:3,702 Points:765,990 Joined:Apr 2008	Message Posted: Mar 11, 2010 7:27:08 AM Ignore Grismer Report Abuse Increasing domestic oil and gas production is a good interim approach in developing domestic energy self-sufficiency.
fcdriver Champion Author Tennessee Posts:2,849 Points:599,520 Joined:Sep 2008	Message Posted: Mar 11, 2010 7:24:17 AM Ignore fcdriver Report Abuse good keep it up
REKEY Champion Author South Carolina Posts:3,637 Points:728,500 Joined:May 2008	Message Posted: Mar 11, 2010 7:23:08 AM Ignore REKEY Report Abuse What are they selling their oil for? Do they sell it for $40 a barrel? Do they charge $80 like OPEC?
TeachR06 Champion Author Raleigh Posts:3,535 Points:1,012,760 Joined:Sep 2006	Message Posted: Mar 11, 2010 7:23:07 AM Ignore TeachR06 Report Abuse Might as well use what we have here in the USA
RoadhogMA Champion Author Boston Posts:2,079 Points:474,675 Joined:Dec 2008	Message Posted: Mar 11, 2010 7:22:49 AM Ignore RoadhogMA Report Abuse Good news
jppezz Champion Author New Mexico Posts:3,634 Points:714,205 Joined:Jun 2008	Message Posted: Mar 11, 2010 7:22:41 AM Ignore jppezz Report Abuse It's about time.
Beau2140 Champion Author New York Posts:3,345 Points:678,610 Joined:Oct 2008	Message Posted: Mar 11, 2010 7:21:12 AM Ignore Beau2140 Report Abuse Drill here and now is the right answer.
TheSnowstorm Champion Author Montreal Posts:4,448 Points:1,002,605 Joined:June 2005	Message Posted: Mar 11, 2010 7:20:48 AM Ignore TheSnowstorm Report Abuse They can drill as much as they want, big oil and the speculators will manipulate prices, supply and demand in order to keep the prices high. You are living in a fanatasy world if you think that the more you drill in the US, the cheaper gretail as will become. Any surplus will be sold to the highest bidder, typically offshore. Reason being is that oil companies are in business to make money, period. They don't care who they sell to, so long as they maximize the profits (even to obscene levels).
tco0102 Champion Author Charleston Posts:3,716 Points:964,785 Joined:May 2007	Message Posted: Mar 11, 2010 7:17:05 AM Ignore tco0102 Report Abuse This is the same for natural gas.
billy44bo Champion Author Mobile Posts:3,282 Points:620,155 Joined:Feb 2008	Message Posted: Mar 11, 2010 7:16:46 AM Ignore billy44bo Report Abuse Drill Here and Drill now lets keep our money here and only give opec the big finger
mrbee All-Star Author Little Rock Posts:568 Points:1,525,985 Joined:Oct 2005	Message Posted: Mar 11, 2010 7:15:09 AM Ignore mrbee Report Abuse Keep drilling here in the US.
dhawk24 Champion Author Maine Posts:3,058 Points:673,430 Joined:Jul 2008	Message Posted: Mar 11, 2010 7:13:57 AM Ignore dhawk24 Report Abuse Good for them. Drill!! Drill!! Drill!!
tankneverfull Champion Author Charlotte Posts:4,232 Points:828,520 Joined:Apr 2008	Message Posted: Mar 11, 2010 7:13:41 AM Ignore tankneverfull Report Abuse Funny how the same people the don't want energy producing windmills get all happy when the landscape is dotted by drilling rigs. Conflict?
MertieMan Champion Author Lexington Posts:9,827 Points:1,918,310 Joined:May 2005	Message Posted: Mar 11, 2010 7:09:55 AM Ignore MertieMan Report Abuse Drill it, but keep it in the USA.
foxups Champion Author Toledo Posts:3,252 Points:645,060 Joined:Feb 2004	Message Posted: Mar 11, 2010 7:09:28 AM Ignore foxups Report Abuse need to get away from opec
curlypooh Champion Author New Jersey Posts:4,932 Points:1,034,240 Joined:Apr 2007	Message Posted: Mar 11, 2010 7:09:18 AM Ignore curlypooh Report Abuse Just more money for the gov't to tax and waste. Really good policies in place in this administration.
CSharpGuy Champion Author Colorado Springs Posts:4,554 Points:925,135 Joined:Jan 2008	Message Posted: Mar 11, 2010 7:07:57 AM Ignore CSharpGuy Report Abuse Drill, baby, drill.
Valricoslash Champion Author Tampa Posts:1,773 Points:393,370 Joined:Nov 2008	Message Posted: Mar 11, 2010 7:06:14 AM Ignore Valricoslash Report Abuse Drill, drill,drill! My question: If we are drilling more here in the US, then why is the price still going up? Because refineries are adjusting their output to conrol supplies, which combined with more demand, have driven prices up at the pump. Never again will the oil companies be caught with their pants down like they were in 2008. We can no longer win by simply conserving.
Metroman Champion Author Philadelphia Posts:8,202 Points:1,644,470 Joined:Aug 2003	Message Posted: Mar 11, 2010 7:06:02 AM Ignore Metroman Report Abuse Let them drill, if it gets the prices down!
QueenMother Champion Author New Hampshire Posts:2,736 Points:1,222,275 Joined:May 2006	Message Posted: Mar 11, 2010 7:04:06 AM Ignore QueenMother Report Abuse I have to agree --> keep drilling.
rocket_ron Champion Author Grand Rapids Posts:1,407 Points:1,039,890 Joined:Jul 2006	Message Posted: Mar 11, 2010 7:01:21 AM Ignore rocket_ron Report Abuse Keep Drilling!!!
mlhog Veteran Author Minnesota Posts:289 Points:164,135 Joined:Oct 2009	Message Posted: Mar 11, 2010 6:58:42 AM Ignore mlhog Report Abuse Hope they spend the money they make in MN.
jimshell Champion Author Pennsylvania Posts:1,830 Points:464,295 Joined:Sep 2004	Message Posted: Mar 11, 2010 6:58:29 AM Ignore jimshell Report Abuse As long as they only sell to US companies who don't do business with OPEC.
cigarman409 All-Star Author Massachusetts Posts:823 Points:877,885 Joined:Jul 2007	Message Posted: Mar 11, 2010 6:58:14 AM Ignore cigarman409 Report Abuse keep drillin
weenerdog Champion Author Detroit Posts:4,928 Points:940,920 Joined:Jan 2008	Message Posted: Mar 11, 2010 6:57:44 AM Ignore weenerdog Report Abuse keep working on alternatives
granma3xnow Champion Author Indiana Posts:1,998 Points:410,675 Joined:Dec 2008	Message Posted: Mar 11, 2010 6:57:00 AM Ignore granma3xnow Report Abuse We should be leaning away from dependence on oil.
bumpygas Champion Author Nebraska Posts:3,510 Points:959,500 Joined:Oct 2007	Message Posted: Mar 11, 2010 6:55:58 AM Ignore bumpygas Report Abuse It's a start, now get busy in Montana, Idahoe, Colorado and anywhere else oil has been found and we could get away form greedy OPEC.
Don1222 Champion Author Michigan Posts:6,210 Points:763,155 Joined:Jul 2008	Message Posted: Mar 11, 2010 6:55:10 AM Ignore Don1222 Report Abuse Support alternative fuels.
JCUBE Champion Author Michigan Posts:3,551 Points:948,150 Joined:Aug 2003	Message Posted: Mar 11, 2010 6:54:56 AM Ignore JCUBE Report Abuse There are other rigs setting idle in this country that could be uncapped and put on the line of production, and we could thumb our nose at OPEC...just keep that hooknosed freak Al Gore and his enviorndmindless tree hugging morons under their rock. Take Gore's idiocy that he wrote and use it for fireplace fuel.
MightyDude Champion Author Minnesota Posts:5,341 Points:1,673,370 Joined:Mar 2003	Message Posted: Mar 11, 2010 6:54:09 AM Ignore MightyDude Report Abuse yeah, but continue to conserve, research & drill
abuck Champion Author Pittsburgh Posts:3,281 Points:589,195 Joined:Jul 2008	Message Posted: Mar 11, 2010 6:53:29 AM Ignore abuck Report Abuse all we can do is cross our fingers and hope it drops prices
Zuman Champion Author New York Posts:1,499 Points:963,090 Joined:May 2005	Message Posted: Mar 11, 2010 6:52:45 AM Ignore Zuman Report Abuse Git er done before the feds take over the land.
AvantiMick Champion Author Indiana Posts:8,016 Points:1,601,470 Joined:Dec 2005	Message Posted: Mar 11, 2010 6:52:41 AM Ignore AvantiMick Report Abuse Makes ya' wonder why we pay so much for gas!?
03mdx Champion Author Syracuse Posts:1,962 Points:625,800 Joined:Sep 2008	Message Posted: Mar 11, 2010 6:49:49 AM Ignore 03mdx Report Abuse I wish I could be optomistic and think that this would lower gas prices.