Bakken going quiet?

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Sirk

Guest
#1
#1
Sure have passed A LOT of oil equipment equipment trucks leaving the Bakken today on I94.
 
longtrekker

longtrekker

Senior Member
#2
Sep 23, 2014
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I thought bakken oil was reasonably cheap to produce as far as fracking and horizontal drilling is concerned. Oil prices must be seriously sliding - perhaps a victim of it's own success. Oh well when oil is high it's good when oil's cheap it's good too lol
 
Desdichado

Desdichado

Senior Member
#3
Feb 9, 2014
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#3
Sirk said:
Sure have passed A LOT of oil equipment equipment trucks leaving the Bakken today on I94.
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Are you from the great state of ND, Sirk?
 
S

Sirk

Guest
#4
#4
Desdichado said:
Are you from the great state of ND, Sirk?
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i live next door in Mt. Our economy has been driven by the bakken with a lot of the oil companies using Billings as a hub of sorts. Not to mention the people who live here and travel there to work. Have heard of quite a few layoffs as well. We are about 300 miles away.
 
Desdichado

Desdichado

Senior Member
#5
Feb 9, 2014
8,768
838
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#5
Sirk said:
i live next door in Mt. Our economy has been driven by the bakken with a lot of the oil companies using Billings as a hub of sorts. Not to mention the people who live here and travel there to work. Have heard of quite a few layoffs as well. We are about 300 miles away.
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That's disappointing to hear. I was planning to rough-neck it up there myself.
 
S

Sirk

Guest
#6
#6
Desdichado said:
That's disappointing to hear. I was planning to rough-neck it up there myself.
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I saw a news article on drudge today that said we are running out of places to store our abundance of crude right now. That could change in a heartbeat as volatile as the world is right now. Wouldn't surprise me if some conflagration shot oil back up to a 100 plus per barrel.
 
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Viligant_Warrior

Guest
#7
#7
Sirk said:
I saw a news article on drudge today that said we are running out of places to store our abundance of crude right now. That could change in a heartbeat as volatile as the world is right now. Wouldn't surprise me if some conflagration shot oil back up to a 100 plus per barrel.
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Doubt it. And I don't think Bakken is "going dark." If there's a heavier-than-usual amount of equipment traffic, they might be shutting down some drilling operations, but Bakken is going to keep producing oil for the next generation and a half. Or until the Rapture and Tribulation. Either way.
 
S

Sirk

Guest
#8
#8
Viligant_Warrior said:
Doubt it. And I don't think Bakken is "going dark." If there's a heavier-than-usual amount of equipment traffic, they might be shutting down some drilling operations, but Bakken is going to keep producing oil for the next generation and a half. Or until the Rapture and Tribulation. Either way.
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Ya. The producing wells will keep producing but it's the drilling activity that makes a boom.
 
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