SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Shale Natural Gas, Oil and NGLs and ESA

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: jrhana10/9/2010 2:31:53 PM
   of 6158
 
ND oil rig count breaks record set in 1981

businessweek.com

The Associated Press October 8, 2010, 10:56AM ET


BISMARCK, N.D.

A record number of rigs are drilling in North Dakota's oil patch.

The state Department of Mineral Resources on Friday said that 154 rigs were drilling in western North Dakota. That breaks the record 148 rigs set in October 1981.

Government and industry officials say modern drill rigs that use advanced horizontal drilling techniques are four to eight times more efficient than rigs that drilled vertical wells in the 1980s. Each active oil rig represents about 40 direct jobs and 80 indirect jobs in North Dakota.

Nearly all the rigs drilling at present are aimed at the rich Bakken shale and Three Forks-Sanish oil reservoirs.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext