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Oil Booms in North Dakota


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Cut the politics. With this thread, some political proposals will have an effect on the future of the western nd oil patch. Go ahead and discuss those proposals in an educated manner, without taking p

Gotta agree with bison73.  He posted nothing about a potential collapse of Williston, just that he read 120 families left town and the construction of a steak house is on hold.  No opinion, just facts

This discussion was quite civil and interesting to read (for someone not involved in the energy business).  Please keep it that way.  The parting personal shot at the end was completely unnecessary.

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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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