• Mason Inman

    So if $80 is not the price to worry about, what is the price to worry about? This article has some useful information to understand that there have been changes over time, and there is a lot of variation between different parts of the play.

    But there’s a lot of information out there about the breakeven costs in particular parts of the play—to give just one example, as in a map by BTU Analytics:
    http://btuanalytics.com/bear-market-to-test-bakken-breakevens/

    If the marginal areas aren’t profitable to drill at $80, what does that mean? If prices remained around $80, would Bakken production be able to keep increasing? Or, if so, for how long?

  • Emily Guerin

    Hi Mason, thanks for the comment. I’m the author on this story. I think the take away here is that the “breakeven” point is super subjective. In some areas $80 is too low to justify new wells. In some areas, it’s not. In parts of North Dakota, the breakeven points are in the $20-30/barrel range, suggesting drilling is pretty immune from all but the biggest market fluctuations. In some places in North Dakota, the the breakeven point has already been crossed and there are fewer rigs in those areas. Does that help?

    Also, if energy is something that you’re interested in, we’d love to include you in our listener focus group. We periodically email a group of listeners for feedback on future stories. Let me know if you’d like to be added to that list.

  • Ronald Riskevich

    I have oil leases in Billings County, North Dakota, Can you give me an update on oil drilling activities there? (saddle butte field)

    • Emily Guerin

      Hi Ronald. The best place to find that information is on the North Dakota Department of Mineral Resources website, https://www.dmr.nd.gov/oilgas/. They have daily rig counts and maps of where the rigs are, so you can see how much activity is in your area.