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.

2 graphs showing dramatic change in production dynamics in N.D. – 2-15

The price of crude oil realized in North Dakota is lower than the Gulf coast due to transportation costs. Here is a graph of the average price for the month as reported by the Department of Mineral Resources, Oil and Gas Division, of the North Dakota Industrial Commission. You can find the reports here.

12-14 price graph

Also, the number of rigs is dropping fast. Here is the average rig count, with an actual as of Friday’s report:

12-14 rig count

Single Post Navigation

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: