A few tidbits from western North Dakota:
- More signs of a rebound
- Amy Dalrymple joins staff of Bismarck Tribune
- Dakota Access Pipeline begins commercial operations
6/3/17 – Star Tribune – North Dakota oil industry shows signs of a rebound – Drilling and employment is picking up in the North Dakota oil patch. Article illustrates this by telling the tale of several guys who have been out of work for a while but have been rehired.
Several analysts are quoted saying the industry is bouncing back.
Interesting stats in the article:
- An oil rig is 13 stories tall, weighs 275 tons, and costs somewhere between $50,000 and $70,000 per day to operate.
- Rig count: 51 now, 218 at high point in December 2012, 27 at low point in May 2016.
- Oilfield employment in the state is 16,400 in April 2017, which is up 10% over same month in 2016.
- Online postings for open jobs were at the highest in April over the last year and are up 94% from prior year. A trade group representative says there are likely 1,000 open oil jobs in western North Dakota.
- Total production in Bakken is down 1.5% in the last 12 months. Meanwhile production in the Permian basin is up 25% in the last year.