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WTI crude oil to hit $70 in 2018?? above?
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<blockquote data-quote="eyexer" data-source="post: 202431" data-attributes="member: 315"><p>it doesn't cost near what it used to here in the bakken. everything is much cheaper from drilling to fracing to lease operating expense. I also don't think you'll see any more infrastructure built regardless what the price does unless the rig count goes up. which it probably will. we will probably be looking at 70 rigs drilling by first of July if things continue down this path. Activity has continued to increase out here even with the cold ass winter we are experiencing. I think we will see a continued increase in activity as long as oil steadies or continues to go up. But don't look for massive increases in production from here anymore. Oil companies don't want to drive up the oil stocks.</p></blockquote><p></p>
[QUOTE="eyexer, post: 202431, member: 315"] it doesn't cost near what it used to here in the bakken. everything is much cheaper from drilling to fracing to lease operating expense. I also don't think you'll see any more infrastructure built regardless what the price does unless the rig count goes up. which it probably will. we will probably be looking at 70 rigs drilling by first of July if things continue down this path. Activity has continued to increase out here even with the cold ass winter we are experiencing. I think we will see a continued increase in activity as long as oil steadies or continues to go up. But don't look for massive increases in production from here anymore. Oil companies don't want to drive up the oil stocks. [/QUOTE]
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