More October data on North Dakota oil production
Here are a few more graphs on crude production in North Dakota:
Here is the rig count info:
The count of rigs is not a big as deal today as it was a few years ago because the rig productivity has increased so much. Looking at the last 6 or 8 months seems sort of like a plateau. A slight downward trend but not a dropoff.
Here is the crude price by month:
That is a very painful drop, unless you are a consumer. After a jump, there was a drop and now a small increase.
I calculate the value of monthly production here:
As expected, output that resembles a plateau shows a dramatic drop in dollars, because the price has dropped so far.