I talked to my brother in western ND the other day. He’s part of the oil industry there and said that one area is currently running around 90 rigs, but are expected to be down to only about 15 by April. Not good news for those who are depending on the oil economy there for their livelihood. This will be another casualty of the Obama administration.
Operators are waiting on new oil pipelines into the area (Parshall Field.) Much of the oil is being trucked as far away as Minnesota and Oklahoma.