Outrun Change

We need to learn quickly to keep up with the massive change around us so we don't get run over. We need to outrun change.

New drilling permits in Bakken and Eagle Ford – May and June 2012

Eagle Ford Shale blog reports the number of permits issued by Texas RRC: 

Since May 14 when the RRC last updated the data points on its map, the commission has issued 367 permits. That’s more than 7 permits per day over a period of 50 days.

Adjust that count for the number of days and it is the rate of 220 per 30 days (367 / 50 *30).

How does that compare to Bakken?

The July Director’s Cut report says:

Apr Permitting: 167 drilling and 2 seismic

May Permitting: 180 drilling and 1 seismic (all time high was 245 in Nov 2010)

That is an average of 171 for a 30 day period ( (167+180) / 61 * 30).

So a roughly comparable comparison is the monthly rate of 171 for Bakken in April and May and monthly rate of 220 for Eagle Ford in May and June.

That’s a combined rate of about 391 per month. Very cool.

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