Published: Wednesday, 21 October 2015 04:11
Written by Press Room
Construction work on six crude oil loading terminals and pump stations in North Dakota costing an estimated $463 million will start in January as part of the first phase of the proposed $3.9 billion Dakota Access Pipeline. When completed, the pipeline will carry 450,000 BOPD through ha 30-inch pipeline running from Stanley, ND 1,134 miles to Patoka, IL. Capacity can be increased in the future to 470,000 BOPD.
Published: Saturday, 12 September 2015 08:55
Written by Dennis Pyburn
Despite declining crude oil prices, higher per well production activity increases operators’ ability to make money in those conditions as Dunn County, ND, with 11 rigs working now, leads all other counties with a breakeven price of $24 a barrel.
The figures were compiled by the ND Dept. of Mineral Resources to show how oil prices would impact drilling in the state.
Of the 74 rigs drilling in the state, McKenzie County follows at $27 a barrel and 26 rigs drilling, leading all other western producing counties.