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Red River Valley | It's never tomorrow and technology advances are hard to fight!!!
Will Oil prices rise-------- yes but as per normal WHEN
North Dakota currently has less than 40% of the rigs drilling that it had a the peak but those rigs are twice as efficient at drilling wells.
In the Main 4 county area of Drilling in North Dakota Production cost are below $30.00 per barrel how low does things have to go to knock them drillers out ???
refracking cost are said to be in the $15.00 per barrels range
It seems mighty hard to get oil into the $100 barrel range that so many were calling for just 9 months ago. | |
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Not If.. but When..
