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.

More October data on North Dakota oil production

Notice the large amount of empty space on that pad? There will be a lot more wells there eventually. Photo by James Ulvog.

Notice the large amount of empty space on that pad? There will be a lot more wells there eventually. Photo by James Ulvog.

Here are a few more graphs on crude production in North Dakota:

Here is the rig count info:

rig count 10-15

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:

crude price 8-15

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:

oil value by month 8-15

As expected, output that resembles a plateau shows a dramatic drop in dollars, because the price has dropped so far.

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 )

Twitter picture

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

Facebook photo

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

Google+ photo

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

Connecting to %s

%d bloggers like this: