There are a lot of barometers we can use to measure the amount of activity taking place in the oil field and which direction it’s heading, and one of them is the rig count; that’s the number of active drilling rigs working in North Dakota. And the news is slanting slightly towards the positive. Last month
Read & Share sourced from: Bakken.comThe active rig count dropped to 58 on Monday, and there are three more rigs that will shut down after completing their current well. It’s the lowest rig count since 2009. More from Amy Dalrymple writing at Oil Patch Dispatch, a Forum Communications blog.
Read & Share sourced from: Oil Patch Dispatch
North Dakota’s rig count dropped below a hundred. This number is lower than Department of Mineral Resources director Lynn Helms predicted as a bottom number from just a few months ago. The WTI closed down slightly at $48.84.
Read & Share sourced from: KMOT