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Thursday, November 13, 2014

The Bakken Oilfield in North Dakota has reached 15,000 producing wells which have secured thousands of truck drivers with high paying, long-term truck driving Jobs.


The worlds oil market has reached a surplus causing oil prices to plummet. The rig count in the Bakken is still nothing to laugh at as crews keep drilling through the shale, but many of these over 180 rigs have unknown futures as to where they will drill next. The insane boom has allowed many oil companies to get a toe-hold in the region and the 15,000 wells in production are here to stay. These wells pump over 30 million barrels of oil each month.

Some truck drivers might be thinking that a move to work in the Bakken isn't what it once was, but there is still work to be had and this work is here to stay. Trucks haul the oil to tank farms where it sits awaiting shipment by rail. Lets do the math. The average oil truck hauls around 230bbls of crude per trip. So this means over 130,000 truckloads of oil are hauled each month. Along with this oil, all 15,000 wells also produce a water byproduct called brine or production water. The amount of water produced varies from well to well and this salt water is much heavier than oil, so it requires even more truckloads.

Most produced water weighs in around 10 lbs. per gallon and weight restrictions allow most trucks to haul around 115 bbls. So this means that if the 15,000 wells in the bakken also produce 30,000,000 bbls of water each month and the water haulers can only haul 115 bbls per load, that's another 260,000 loads of water being hauled each month. Combine the oil and water truckloads and we're up to 390,000 loads that need hauled each month. I understand that some oil and water is now being piped directly from these well sites, but the pipeline infrastructure is still underway and well behind schedule.

These numbers don't include the hundreds of thousands of other fresh water truck loads servicing the fracking and support roles that transport the many specialized supplies and materials required to continue the drilling and maintenance of the field. Why am I sharing this information with you? Because there are still thousands of job positions available for any truck driver with the mind and skill set to take advantage of the opportunity. Many older oil plays throughout the United States often have contracts tied up with the locally-owned existing trucking companies and so there is little room for new competition. This is not the case in the Bakken Shale oilfield.

Opportunity is still knocking on the doors of the prepared venturers, but unless oil prices boom again, it's now or wait till the next time. Relationships are being solidified on all fronts and there has never been a better time to get in on the action. Tie up your resources and set your eye on this opportunity. I am a water hauler and started as an employee. My story can be found in my ebook, but water hauling isn't the only truck driving job in North Dakota. If the timing is right for you, I don't hesitate in the least to tell you that a guy can still get ahead in this business.

I see this time as the great fine-tuning of America's latest "real" investment in the future of energy self-reliance. The infrastructure is solidifying on all fronts along with the business partnerships that will continue throughout the producing lifespan of these wells. When world market oil supplies diminish, prices will come up again due to demand. Get in now while the getting's good and when the next boom happens, you'll find yourself in a great position for financial gain.

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