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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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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.
olcowboy14 Champion Author Spokane Posts:4,668 Points:740,685 Joined:Jul 2007	Message Posted: Mar 11, 2010 6:49:20 AM Ignore olcowboy14 Report Abuse Finally, drilling at home and putting people to work.
minnesotagirl Champion Author Milwaukee Posts:1,167 Points:286,165 Joined:Oct 2009	Message Posted: Mar 11, 2010 6:44:56 AM Ignore minnesotagirl Report Abuse Good for ND!
cathevan Champion Author Manitoba Posts:2,133 Points:524,025 Joined:May 2007	Message Posted: Mar 11, 2010 6:44:21 AM Ignore cathevan Report Abuse well this surprising
Hunter724 Champion Author New Hampshire Posts:3,205 Points:669,245 Joined:Sep 2008	Message Posted: Mar 11, 2010 6:41:28 AM Ignore Hunter724 Report Abuse Glad to see spending in the US......
WonderfulMI Champion Author Michigan Posts:5,855 Points:809,425 Joined:Jun 2008	Message Posted: Mar 11, 2010 6:40:57 AM Ignore WonderfulMI Report Abuse That is what we have been paying for at the pump.
RichardoB Champion Author Fayetteville Posts:2,966 Points:1,066,210 Joined:Jun 2007	Message Posted: Mar 11, 2010 6:40:53 AM Ignore RichardoB Report Abuse "We’re going to working on this another 10 years.” And then the oil runs out.
ttwiw Champion Author Austin Posts:1,984 Points:916,270 Joined:Sep 2005	Message Posted: Mar 11, 2010 6:39:39 AM Ignore ttwiw Report Abuse I didn't even know ND had any oil
fightbigoil71 Champion Author Milwaukee Posts:2,780 Points:593,160 Joined:Nov 2008	Message Posted: Mar 11, 2010 6:38:00 AM Ignore fightbigoil71 Report Abuse Good news, I think. The oil companies will somehow use this as an excuse to raise prices.
janctx Champion Author Lubbock Posts:2,639 Points:856,385 Joined:Nov 2007	Message Posted: Mar 11, 2010 6:35:55 AM Ignore janctx Report Abuse we need more drilling
fillerupyeoww All-Star Author Columbus Posts:954 Points:673,615 Joined:Mar 2008	Message Posted: Mar 11, 2010 6:35:20 AM Ignore fillerupyeoww Report Abuse Drill, drill, drill..
Redink Champion Author Indianapolis Posts:2,433 Points:466,745 Joined:Aug 2005	Message Posted: Mar 11, 2010 6:32:45 AM Ignore Redink Report Abuse May they do well.
Terrapinone Champion Author Baltimore Posts:2,764 Points:1,139,280 Joined:May 2004	Message Posted: Mar 11, 2010 6:32:03 AM Ignore Terrapinone Report Abuse Every little bit helps.
dar 1 Champion Author Michigan Posts:1,080 Points:212,150 Joined:Jan 2005	Message Posted: Mar 11, 2010 6:31:29 AM Ignore dar 1 Report Abuse It all helps.
LeeFree Champion Author Pittsburgh Posts:4,390 Points:1,293,675 Joined:Jun 2005	Message Posted: Mar 11, 2010 6:29:07 AM Ignore LeeFree Report Abuse Positive news for a change.
gabbygusIN Champion Author Indiana Posts:2,370 Points:596,125 Joined:Oct 2008	Message Posted: Mar 11, 2010 6:28:50 AM Ignore gabbygusIN Report Abuse Good news!
Ringmaster2008 Champion Author Ontario Posts:2,937 Points:501,460 Joined:Apr 2008	Message Posted: Mar 11, 2010 6:28:07 AM Ignore Ringmaster2008 Report Abuse Interesting
rogerparry Champion Author Florida Posts:4,609 Points:938,580 Joined:Jan 2008	Message Posted: Mar 11, 2010 6:27:54 AM Ignore rogerparry Report Abuse Drill baby drill.
BazooQC Champion Author Montreal Posts:4,751 Points:676,480 Joined:Oct 2008	Message Posted: Mar 11, 2010 6:27:43 AM Ignore BazooQC Report Abuse This report is just telling us the way it is today since 1981. All these local active wells haven't really helped gas prices go down.
turbodog Champion Author Mississippi Posts:1,813 Points:389,200 Joined:Feb 2009	Message Posted: Mar 11, 2010 6:26:23 AM Ignore turbodog Report Abuse The big advance there will be an improvement in processing; perfecting an inground conversion is the big kahuna.
theawesome1 Champion Author Cleveland Posts:3,646 Points:807,215 Joined:Aug 2005	Message Posted: Mar 11, 2010 6:25:21 AM Ignore theawesome1 Report Abuse Move the unemployed there to man the new rigs that they build if their citizens do not want to work. Time to get us away from OPEC. NOBMAMA should be giving grants to companies that build more rigs & drill to keep our pumps cheap & filled.
gasandgoAL Champion Author Alabama Posts:1,936 Points:611,455 Joined:Sep 2008	Message Posted: Mar 11, 2010 6:24:39 AM Ignore gasandgoAL Report Abuse we do not need more refineries closing. Chevron is now closing the largest one in Pascagoula, Ms. more people out of work.
fordfan1 Champion Author Indiana Posts:4,184 Points:914,215 Joined:Jul 2007	Message Posted: Mar 11, 2010 6:21:19 AM Ignore fordfan1 Report Abuse Let's get more rigs drilling there ASAP. This will lead the way to oil independence from foreign oil.
dave364 Champion Author Lansing Posts:1,316 Points:534,340 Joined:Nov 2007	Message Posted: Mar 11, 2010 6:20:09 AM Ignore dave364 Report Abuse keep pumping get away of foriegn oil
naw62 Champion Author Maine Posts:4,550 Points:1,246,845 Joined:Sep 2006	Message Posted: Mar 11, 2010 6:16:52 AM Ignore naw62 Report Abuse Get more rigs going here
52MPG Champion Author Dayton Posts:2,319 Points:769,285 Joined:Apr 2006	Message Posted: Mar 11, 2010 6:16:11 AM Ignore 52MPG Report Abuse "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." The productivity improvement is amazing.
Beboper Champion Author Virginia Posts:3,767 Points:1,185,435 Joined:Oct 2005	Message Posted: Mar 11, 2010 6:15:38 AM Ignore Beboper Report Abuse great news
katmandue Champion Author Detroit Posts:3,150 Points:1,171,755 Joined:Jul 2006	Message Posted: Mar 11, 2010 6:14:15 AM Ignore katmandue Report Abuse oh whoopee.
nb52 Champion Author Grand Rapids Posts:2,872 Points:579,040 Joined:Nov 2008	Message Posted: Mar 11, 2010 6:12:35 AM Ignore nb52 Report Abuse Good news for the U.S.A.
rbrowdersr Champion Author Detroit Posts:3,009 Points:984,365 Joined:Aug 2006	Message Posted: Mar 11, 2010 6:10:53 AM Ignore rbrowdersr Report Abuse If only this trend can br expanded.
mandoid Champion Author Colorado Springs Posts:2,891 Points:614,270 Joined:May 2008	Message Posted: Mar 11, 2010 6:08:51 AM Ignore mandoid Report Abuse only state other than DC that gained jobs - wonder why?
Ratso Champion Author Ohio Posts:11,027 Points:1,718,570 Joined:Sep 2003	Message Posted: Mar 11, 2010 6:04:34 AM Ignore Ratso Report Abuse I hope its just not a mirage !
RocketGeek Champion Author Grand Rapids Posts:5,605 Points:1,134,310 Joined:May 2005	Message Posted: Mar 11, 2010 6:02:13 AM Ignore RocketGeek Report Abuse Great news. I love to see it when the US is harvesting crude right here at home.
pitamon Champion Author Philadelphia Posts:2,472 Points:1,213,325 Joined:Sep 2004	Message Posted: Mar 11, 2010 6:02:03 AM Ignore pitamon Report Abuse Keep on drilling.
subnuke Champion Author Atlanta Posts:2,788 Points:563,900 Joined:Sep 2008	Message Posted: Mar 11, 2010 5:56:59 AM Ignore subnuke Report Abuse drill here now
raleightom All-Star Author Raleigh Posts:765 Points:215,710 Joined:Nov 2007	Message Posted: Mar 11, 2010 5:56:44 AM Ignore raleightom Report Abuse Technological improvements, well understood; but, at what costs and why !
afghaned Champion Author Hamilton Posts:4,353 Points:310,825 Joined:May 2004	Message Posted: Mar 11, 2010 5:56:39 AM Ignore afghaned Report Abuse Great. Where is this oil refined????
GasholeMI Champion Author Lansing Posts:5,289 Points:760,590 Joined:Jul 2008	Message Posted: Mar 11, 2010 5:53:28 AM Ignore GasholeMI Report Abuse This is good news and about time.
cheapertvs Champion Author Richmond Posts:5,185 Points:1,765,295 Joined:Jan 2004	Message Posted: Mar 11, 2010 5:47:31 AM Ignore cheapertvs Report Abuse The Bakken find is far bigger in scope now that newer extraction techniques are available. This means A LOT MORE NATURAL GAS as well as crude oil.
neptune2008 Champion Author Michigan Posts:3,620 Points:713,305 Joined:Aug 2008	Message Posted: Mar 11, 2010 5:46:58 AM Ignore neptune2008 Report Abuse good news
BoerneWatch Champion Author San Antonio Posts:10,088 Points:1,477,185 Joined:Oct 2005	Message Posted: Mar 11, 2010 5:45:11 AM Ignore BoerneWatch Report Abuse That is excellent news!