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.

Rig count in North Dakota, update through early January ’16

Workover rig in October 2014. Photo by James Ulvog.

Workover rig in October 2014. Photo by James Ulvog.

Here is a recap of the North Dakota rig count, all from Million Dollar Way. Some older data repeated for context:

  • 93 – 4/17
  • 82 – 6/5
  • 73 – 7/9
  • 74 – 8/20
  • 71 – 9/15
  • 68 – 10/9
  • 66 – 10/14
  • 69 – 10/22
  • 64  11/6
  • 64 – 11/15
  • 65 – 11/23
  • 65 – 12/1
  • 65 – 12/9

Lynn Helms thinks the count will drop another 10 in first half of 2016

  • 64 – 12/18
  • 65 – 12/23
  • 61 – 12/30/15
  • 58 – 1/5/16 – rig count breaches into the 50s
  • 54 – 1/7
  • 53 – 1/13

Mr. Helms estimate proved true by the first week of January.

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