At this point, Bakken barely remembers what a drill bit looks like, and the shale boom that once dug at its landscape is now a fleeting memory. Almost no new wells were drilled in the Bakken play in the first quarter of the year, a survey by Hart Energy has revealed. The survey, involving eight workover contractors in the Williston basin, paints a grim picture of the industry, in which service providers can only hope that prices will rebound soon enough that they can avoid closing shop. And prices aren’t the only problem. The respondents in the Hart Energy survey said it was basically all maintenance in the first quarter, with only about 60 wells getting completed by the end of March. These, by the way, were wells from the drilled-but-uncompleted inventory in the Bakken, not new ones. They also said that despite the moment being ripe for a […]