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 during summer of 2016

An increasingly rare sight in North Dakota. Not only the active rig, but the flaring as well. Photo by James Ulvog.

An increasingly rare sight in North Dakota. Not only the active rig, but the flaring as well. Photo by James Ulvog.

Here is a recap of the North Dakota rig count. All of the data is from Million Dollar Way. The number of rigs isn’t as important now as it was a year or three ago, but it is still one indicator of activity. One rig today creates a well that produces a lot more oil that a few years ago, and in less time, and at lower cost.

Some older data repeated for context:

  • 184 – 2/4/13
  • 190 – 2/4/14 (up 6)
  • 140 – 2/4/15 (down 50)
  • 38 – 2/25/16 (down 102)
  • 32 – 3/26
  • 25 – 4/26
  • 28 – 5/31
  • 27 – 6/22/16
  • 31 – 7/6
  • 31 – 7-20
  • 35 – 7/28
  • 34 – 8/5
  • 34 – 8/12

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