bakkenboomorbust.com bam boom bubble
bust bump bang
You Are
On Search Bakken /
ND - Shale (Tight Oil) Play Boom Or Bust
Page
Burgum Challenge - Gov. Doug Burgum
Issued A Challenge July 18 - 2017 To
The North Dakota Oil Industry: "To
Double Production To Two Million
Barrels A Day".
At The Current Average Per
Well Production Of 58.4 bbl's Per
Well - Jan. 2026 - That Would Take
14,987 New Wells At A Average
Cost Of $8.5 Million A Well -
Without Inflation, Interest
And Ungodly Never Ending
Service Work - Your Looking At
$127.4 Billion Dollars - At The
Current Rig Count Of 25 Jan. 2026
& A Five Year Average Of 778 New
Wells A Year
Your Looking At 19 Years - 2012 Was
Peak Rig Count - 212 Rigs Drilling
& 1738 Well Completions - That's
Eight Wells Per Rig - The More Wells
You Add The Faster The Decline Rate
How Many
Wells Will You Drill Until You Just Drill
Yourself Into Bankruptcy - The Number Of Wells
Keeps Climbing & Oil Production Bangs
Sideways & Down Burgum
Challenge
Gas Production Keeps Putting In New Highs -
It's A Tell - Your Wells Are Turning To Gas
- Each Well Is It's Own Reservoir - There Is
No Common Reservoir In Tight Rock
Peak
- Dec. 2014 11,749 Wells - 105
bbl's Per Well - New Peak -
November 2019 16,110
Wells - 94.3
bbl's Per Well
Year To Date
Jan. 2026 You
Have Added 63
Well
Completions To
Increase Oil
Production 3,113 bbl's A Day
Or 49.4 bbl's Per Well
63
Wells x $8.5
Million Is
$0.5 Billion -
Is $17.3
Million A Day
- Divided By 3,113 Barrel's A Day Is ($5549.00)
A Barrel
From Peak Nov. 2019
- 1,519,027 bbl's Per Day to Jan.
2026 - 1,124,776 bbl's Per Day - The
Bakken Is Down (-394,251) bbl's Per
Day
New
Mexico is now producing more oil
then ND - Jan. 2026 - 2,119,000
BBL's Per Day EIA - All Crude Oil
Production By State