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Drilling Rig Activity in the West

The number of drilling rigs operating in Intermountain West has increased steadily in recent decades, an indication that oil and gas companies are tapping into America’s fossil fuel resources at an increasing rate.

  • Most notable is rapid drilling growth in North Dakota, where industry is attracted because of the Bakken formation, an oil rich area underlying much of western North Dakota.[i]
  • The sudden drop in drilling rig totals during 2009 was a result of the Great Recession, which led to reduced oil and gas prices. Between 2008 and 2009 natural gas prices decreased from $7.97 per thousand cubic feet to $3.67 per thousand cubic feet, while crude oil prices declined from $92.57 per barrel to $59.04 per barrel.[ii]  Low prices made it less profitable to develop new oil and gas supplies. Drilling has accelerated as the American economy has improved.

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2 days ago
Montana @GovernorBullock: "Frankly, it makes me wonder whether the president is truly committed to investing in what makes America great, because a fundamental part of what makes America great is our land."
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Whether it’s a @CNN op-ed or a @FoxBusiness interview, @SecretaryZinke just can’t stop lying about national monuments.

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