[woodbutcher1963]

Do you have a graph that shows just the last two years?
That is what I am referring to. I may be wrong, but I believe the amount of new wells being drilled has slowed down recently.

[spokeshave]

That is what I am referring to. I may be wrong, but I believe the amount of new wells being drilled has slowed down recently.

Because the technology has improved considerably in the last 2 years...

1.....Better control and results from directional drilling...

2....with each well drilled, the understanding of the geology improves

and the bonus point:

3....with new knowledge obtained in 1 and 2 above,....older wells are also more productive.

So you get more oil from less wells than a few years ago.

[thackney]

Maybe a 5% slow down in the number of active rigs. Not much of a change. More likely moving in different areas making a past busy area not so busy.

NDIC Department of Mineral Resources

12/13/2013
https://www.dmr.nd.gov/oilgas/directorscut/directorscut-2013-12-13.pdf

Sep rig count 183
Oct rig count 183
Nov rig count 184

- - - - -

12/17/2012
https://www.dmr.nd.gov/oilgas/directorscut/directorscut-2012-12-17.pdf

Sep rig count 190
Oct rig count 188
Nov rig count 186

- - - - - - - -

12/12/2011
https://www.dmr.nd.gov/oilgas/directorscut/directorscut-2011-12-12.pdf

Sep rig count 197
Oct rig count 197
Nov rig count 199