Monday, May 23, 2011

New Active Rig Record

According to the North Dakota Industrial Commission's Oil and Gas Division website, the state's active rig count at the close of business today stood at 179, a new record. The previous record of 178 was set earlier this month. In comments made to the Associated Press today, North Dakota's mineral resources director Lynn Helms predicted six rigs per month will be moving into the Williston Basin over the next several months. Helms predicted the active rig count will approach 225 by the end of the year.

http://www.bismarcktribune.com/news/state-and-regional/article_03ac9650-8543-11e0-8696-001cc4c03286.html

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