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Oil Booms in North Dakota


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2 hours ago, Walsh Hall said:

Those are just the May contracts.  Crazy situation.   Oil on tankers and nobody really wanting to take it.  The contracts settle tomorrow.  June contracts are still in the 20's.

It will be just as ugly if not worse in the months to come if the states don’t open back up. Oil has still been shipping this month but once all storage is filled there will be nothing moving except to what the refineries are taking. It is going to be ugly until we open it up. Widespread layoffs could be worse than any other bust.

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31 minutes ago, Sioux>Bison said:

It will be just as ugly if not worse in the months to come if the states don’t open back up. Oil has still been shipping this month but once all storage is filled there will be nothing moving except to what the refineries are taking. It is going to be ugly until we open it up. Widespread layoffs could be worse than any other bust.

Does this come in a bigger bottle?

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https://www.grandforksherald.com/business/energy-and-mining/6954045-Potential-new-owner-in-talks-to-save-North-Dakotas-largest-coal-fired-plant

So anyone have any guesses on who might be buying Coal Creek?  Would think there might be some potential for the EERC to collaborate in this sphere and put North Dakota at the forefront.  If they really can develop some meaningful Carbon sequestration technologies, that could be a game changer in the climate battle.  Would be a huge market in India and China, where coal power plants generate a considerable amount of power.

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6 hours ago, Cratter said:

Heard a crazy stat: There's only about 15 active oil rigs nowadays.

Down from a peak of 217 active rigs in 2013.

 

Look for this number to rise again. My pay got cut last year but niw has tripled and it’s getting busier out here

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