Friday, May 18, 2012
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Warm dry weather through the fourth quarter of 2011 increased hydraulic fracturing activity and rapidly increased oil and gas production in North Dakota. As a result, even with rig count up just slightly daily production increased almost 5%. Over 95% of drilling is still targeting the Bakken and Three Forks formations. The idle well count is now holding constant at approximately 300 above normal. This indicates that "fracing" services are now keeping up with drilling activity, but the industry needs to add more crews to catch up, according to ND Dept. of Natural Resources.

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 Big Sky Business Journal

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Billings, MT 59103
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