Bakken Shale Drilling

Bakken Rig Count Down to 76

Crude Continues to Hover Around $60
Rig Count Falls by One

Rig Count Falls by One

The Bakken-Three Forks rig count declined by one to end the week at 76 rigs running across our coverage area.

In recent Bakken news, well completions in the area rose sharply last month, according to the North Dakota Department of Mineral Resources (DMR). The DMR reports a preliminary completion count for March was 189, up 350% from 42 the previous month.

Read more: Bakken Well Completions Spike

The U.S. rig count fell by 10, ending with 875 rigs running by midday Friday.  A total of 225 rigs were targeting natural gas (an increase of three from the previous week) and 646 were targeting oil in the U.S. (13than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.)   77 rigs are running in the Williston Basin across MT, ND, and SD. 77 are in ND alone.

Bakken Oil & Gas Rigs

The Bakken oil rigs stayed at 76 rigs this week with Bloomberg reporting WTI oil prices trading at $60.21/bbl on Friday afternoon, a $.49 increase from the previous week. WTI-Brent increased $.02 landing at $65.39. The Bakken has zero natural active gas rig in the area this week with futures trading dipping to $2.65/mmbtu by midday.

McKenzie County continues to lead development this week at 33 running rigs. Williams (19) and Mountrail (13) counties are the next closest producers. View the full list below under the Bakken Drilling by County section.

Activity continues to be dominated by horizontal drilling:

  • 76 rigs are drilling horizontal wells
  • 0 rigs are drilling directional wells
  • 0 rigs are drilling vertical wells

Be sure to visit our Bakken Job Listings to search openings and come back weekly for updates or sign up for alerts – Daily or Weekly Email Alerts

Bakken Drilling by County

County State Previous Week Current Week County State Previous Week Current Week
MCKENZIE ND 34 33 WIBAUX MT 0 0
WILLIAMS ND 19 19 BILLINGS ND 0 0
MOUNTRAIL ND 13 13 BOTTINEAU ND 0 0
DUNN ND 10 8 BURKE ND 0 0
DIVIDE ND 3 3 GOLDEN VALLEY ND 0 0
MCLEAN ND 0 1 MERCER ND 0 0
DANIELS MT 0 0 RENVILLE ND 0 0
DAWSON MT 0 0 STARK ND 0 0
FALLON MT 0 0 WARD ND 0 0
RICHLAND MT 0 0 MCHENRY ND 0 0
ROOSEVELT MT 0 0 MCHENRY ND 0 0
SHERIDAN MT 0 0 WARD ND 0 0
VALLEY MT 0 0 MCHENRY ND 0 0

 

 

Bakken Oil & Gas News

Whiting Announces Strong First Quarter

Continental Resources Aggressively Cuts Costs

What is the Rig Count?

The Bakken Shale Rig Count is an index of the total number of oil & gas drilling rigs running across Montana and North Dakota. The rigs referred to in this article are for ALL drilling reported by Baker Hughes and not solely wells targeting the Bakken formation. All land rigs and onshore rig data shown here are based upon industry estimates provided by the Baker Hughes Rig Count.


Read more at bakerhughes.com


Bakken Rigs Decrease to 77

Poll Reveals Environmentalists Out of Touch with Average Americans
Rig Count Falls by Two

Rig Count Falls by Two

The Bakken-Three Forks rig count fell two more this week to 77 rigs running across our coverage area by midday Friday.

In recent Bakken news, An energy poll by the University of Texas found that less than half of the 2000 people surveyed were even familiar with the Keystone XL Pipeline, the controversial pipeline that would carry millions of barrels of crude from Canada to Texas.

Read more: Most Americans Aren’t Familiar with Keystone

The U.S. rig count fell by three, ending with 885 rigs running by midday Friday.  A total of 222 rigs were targeting natural gas (a decrease of one from the previous week) and 659 were targeting oil in the U.S. (one less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.)   78 rigs are running in the Williston Basin across MT, ND, and SD. 77 are in ND alone.

Bakken Oil & Gas Rigs

The Bakken oil rigs stayed at 77 rigs this week with Bloomberg reporting WTI oil prices trading at $59.72/bbl on Friday afternoon, a $.21 increase from the previous week. WTI-Brent decreased $1.33, landing at $65.37. The Bakken has zero natural active gas rig in the area this week with futures trading dipping to $2.89/mmbtu by midday.

McKenzie County continues to lead development this week at 33 running rigs. Williams (19) and Mountrail (13) counties are the next closest producers. View the full list below under the Bakken Drilling by County section.

Activity continues to be dominated by horizontal drilling:

  • 77 rigs are drilling horizontal wells
  • 0 rigs are drilling directional wells
  • 0 rigs are drilling vertical wells

Be sure to visit our Bakken Job Listings to search openings and come back weekly for updates or sign up for alerts – Daily or Weekly Email Alerts

Bakken Drilling by County

County State Previous Week Current Week County State Previous Week Current Week
MCKENZIE ND 34 33 WIBAUX MT 0 0
WILLIAMS ND 19 19 BILLINGS ND 0 0
MOUNTRAIL ND 13 13 BOTTINEAU ND 0 0
DUNN ND 10 8 BURKE ND 0 0
DIVIDE ND 3 3 GOLDEN VALLEY ND 0 0
MCLEAN ND 0 1 MERCER ND 0 0
DANIELS MT 0 0 RENVILLE ND 0 0
DAWSON MT 0 0 STARK ND 0 0
FALLON MT 0 0 WARD ND 0 0
RICHLAND MT 0 0 MCHENRY ND 0 0
ROOSEVELT MT 0 0 MCHENRY ND 0 0
SHERIDAN MT 0 0 WARD ND 0 0
VALLEY MT 0 0 MCHENRY ND 0 0

Bakken Oil & Gas News

New Bakken Pipeline in the Works

BNSF Railway Abandons Plans to Buy Tanker Cars

What is the Rig Count?

The Bakken Shale Rig Count is an index of the total number of oil & gas drilling rigs running across Montana and North Dakota. The rigs referred to in this article are for ALL drilling reported by Baker Hughes and not solely wells targeting the Bakken formation. All land rigs and onshore rig data shown here are based upon industry estimates provided by the Baker Hughes Rig Count.

Read more at bakerhughes.com


Bakken Rig Count Down to 79

Four Counties Dominate Drillling
Rig Count Falls by One

Rig Count Falls by One

The Bakken-Three Forks rig count fell this week to 79 rigs running across our coverage area by midday Friday.

In recent Bakken news, the SEC froze the assets of North Dakota Developments, LLC (“NDD”) and its principles, claiming they defrauded over 980 investors from 66 different countries of $62 million dollars intended to go towards Bakken man camps.

Read more: Bakken Man Camps Center of Ponzi-Type Scheme

The U.S. rig count fell by six, ending with 888 rigs running by midday Friday.  A total of 223 rigs were targeting natural gas (an increase of two from the previous week) and 660 were targeting oil in the U.S. (eight less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.)   79 rigs are running in the Williston Basin across MT, ND, and SD. 79 are in ND alone.

Bakken Oil & Gas Rigs

The Bakken oil rigs stayed at 79 rigs this week and  WTI oil prices continued to climb trading at $59.51/bbl on Friday afternoon, a $.12 increase from the previous week. The WTI-Brent saw an increase of $1.31, landing at $66.70. The Bakken has zero natural active gas rig in the area this week with futures trading increasing to $3.02/mmbtu by midday.

McKenzie County continues to lead development this week at 34 running rigs. Williams (19) and Mountrail (13) counties are the next closest producers. View the full list below under the Bakken Drilling by County section.

Activity continues to be dominated by horizontal drilling:

  • 79 rigs are drilling horizontal wells
  • 0 rigs are drilling directional wells
  • 0 rigs are drilling vertical wells

Be sure to visit our Bakken Job Listings to search openings and come back weekly for updates or sign up for alerts – Daily or Weekly Email Alerts

Bakken Drilling by County

County State Previous Week Current Week County State Previous Week Current Week
MCKENZIE ND 34 34 WIBAUX MT 0 0
WILLIAMS ND 19 19 BILLINGS ND 0 0
MOUNTRAIL ND 13 13 BOTTINEAU ND 0 0
DUNN ND 11 10 BURKE ND 0 0
DIVIDE ND 3 3 GOLDEN VALLEY ND 0 0
DANIELS MT 0 0 MCLEAN ND 0 0
DAWSON MT 0 0 MERCER ND 0 0
FALLON MT 0 0 RENVILLE ND 0 0
RICHLAND MT 0 0 STARK ND 0 0
ROOSEVELT MT 0 0 WARD ND 0 0
SHERIDAN MT 0 0 MCHENRY ND 0 0
VALLEY MT 0 0 WARD ND 0 0
MCHENRY ND 0 0

Bakken Oil & Gas News

EOG Waiting Out Oil Prices

Has the Bakken Peaked?

N.D. Legislative Session Ends

What is the Rig Count?

The Bakken Shale Rig Count is an index of the total number of oil & gas drilling rigs running across Montana and North Dakota. The rigs referred to in this article are for ALL drilling reported by Baker Hughes and not solely wells targeting the Bakken formation. All land rigs and onshore rig data shown here are based upon industry estimates provided by the Baker Hughes Rig Count.

 

Read more at bakerhughes.com


Bakken Rig Count Stays Flat

New Bakken Refinery Begins Operations
Rig Count Stays Flat

Rig Count Stays Flat

The Bakken-Three Forks rig count stayed flat this week at 80 rigs running across our coverage area by midday Friday.

In recent Bakken news, the first U.S. refinery built in over 30 years began operations this week at the new Dakota Prairie refinery, located on 375 acres in Stark County, four miles west of Dickinson, N.D

Read more: New Bakken Refinery Begins Operations

The U.S. rig count fell again this week by 11 ending, ending with 894 rigs running by midday Friday.  A total of 221 rigs were targeting natural gas (and decrease of one from the previous week) and 668 were targeting oil in the U.S. (11 less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.)  80 rigs are running in the Williston Basin across MT, ND, and SD. 80 are in ND alone.

Bakken Oil & Gas Rigs

The Bakken oil rigs stayed at 80 rigs this week and  WTI oil prices continued to climb trading at $59.39/bbl on Friday afternoon, a $.63 increase from the previous week. The WTI-Brent saw an increase of $.74, landing at $66.02. The Bakken has zero natural active gas rig in the area this week with futures trading increasing to $2.88/mmbtu by midday.

McKenzie County continues to lead development this week by climbing two to 34 running rigs. Williams (19) and Mountrail (13) counties are the next closest producers. View the full list below under the Bakken Drilling by County section.

Activity continues to be dominated by horizontal drilling:

  • 80 rigs are drilling horizontal wells
  • 0 rigs are drilling directional wells
  • 0 rigs are drilling vertical wells

Be sure to visit our Bakken Job Listings to search openings and come back weekly for updates or sign up for alerts – Daily or Weekly Email Alerts

Bakken Drilling by County

County State Previous Week Current Week County State Previous Week Current Week
MCKENZIE ND 32 34 SHERIDAN MT 0 0
WILLIAMS ND 17 19 VALLEY MT 0 0
MOUNTRAIL ND 15 13 WIBAUX MT 0 0
DUNN ND 12 11 BILLINGS ND 0 0
DIVIDE ND 3 3 BOTTINEAU ND 0 0
DANIELS MT 0 0 BURKE ND 0 0
DAWSON MT 0 0 GOLDEN VALLEY ND 0 0
FALLON MT 0 0 MCLEAN ND 0 0
RICHLAND MT 1 0 MERCER ND 0 0
ROOSEVELT MT 0 0 RENVILLE ND 0 0
SHERIDAN MT 0 0 STARK ND 0 0
VALLEY MT 0 0 WARD ND 0 0
MCHENRY ND 0 0

Bakken Oil & Gas News

Bakken Oil Train Derails

Occidental Names First Female CEO

Abraxas Buys 210 Bakken Acres

What is the Rig Count?

The Bakken Shale Rig Count is an index of the total number of oil & gas drilling rigs running across Montana and North Dakota. The rigs referred to in this article are for ALL drilling reported by Baker Hughes and not solely wells targeting the Bakken formation. All land rigs and onshore rig data shown here are based upon industry estimates provided by the Baker Hughes Rig Count.


Read more at bakerhughes.com


Bakken Rig Count Increases by One

N.D. Lawmakers Reconsider Trigger Tax
Crude and Natural Gas Prices Ion the Rise

Crude and Natural Gas Prices on the Rise

The Bakken-Three Forks rig count increased this week to 80 rigs running across our coverage area by midday Friday.

In recent Bakken news, North Dakota lawmakers cleared the way to change a 30 year old tax structure that gave some tax breaks for the oil industry have been linked to a price “trigger.”  Debate in North Dakota’s House was fierce and ended in a 66-26 vote in favor of cutting the state’s oil tax rate from 11.5 percent to 10 percent.

Read more: Lower Oil Tax for North Dakota

The U.S. rig count fell again this week by 27 ending, ending with 905 rigs running by midday Friday.  A total of 222 rigs were targeting natural gas (and decrease of three from the previous week) and 679 were targeting oil in the U.S. (24 less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.)  80 rigs are running in the Williston Basin across MT, ND, and SD. 79 are in ND alone.

Bakken Oil & Gas Rigs

The Bakken oil rigs increased to 80 rigs this week and  WTI oil prices continued to climb trading at $58.67/bbl on Friday afternoon. This is a $1.33 from the previous week. The WTI-Brent saw an increase of $.74, landing at $66.02. The Bakken has zero natural active gas rig in the area this week with futures trading at $2.79/mmbtu by midday.

McKenzie County continues to lead development this week and remained flat at 32 running rigs. Williams (17) and Mountrail (15) counties are the next closest producers. View the full list below under the Bakken Drilling by County section.

Activity continues to be dominated by horizontal drilling:

  • 80 rigs are drilling horizontal wells
  • 0 rigs are drilling directional wells
  • 0 rigs are drilling vertical wells

Be sure to visit our Bakken Job Listings to search openings and come back weekly for updates or sign up for alerts – Daily or Weekly Email Alerts

Bakken Drilling by County

County State Previous Week Current Week County State Previous Week Current Week
MCKENZIE ND 32 32 WIBAUX MT 0 0
WILLIAMS ND 17 17 BILLINGS ND 0 0
MOUNTRAIL ND 14 15 BOTTINEAU ND 0 0
DUNN ND 12 12 BURKE ND 0 0
DIVIDE ND 3 3 GOLDEN VALLEY ND 0 0
RICHLAND MT 1 1 MCLEAN ND 0 0
DANIELS MT 0 0 MERCER ND 0 0
DAWSON MT 0 0 RENVILLE ND 0 0
FALLON MT 0 0 STARK ND 0 0
ROOSEVELT MT 0 0 WARD ND 0 0
SHERIDAN MT 0 0 MCHENRY ND 0 0
VALLEY MT 0 0

 

Bakken Oil & Gas News

U.S. Economic Growth Slows

Who Controls Fracking Regulations?

New Bakken Crude Oil Gathering System

What is the Rig Count?

The Bakken Shale Rig Count is an index of the total number of oil & gas drilling rigs running across Montana and North Dakota. The rigs referred to in this article are for ALL drilling reported by Baker Hughes and not solely wells targeting the Bakken formation. All land rigs and onshore rig data shown here are based upon industry estimates provided by the Baker Hughes Rig Count.

Read more at bakerhughes.com


Bakken Rig Count Falls Below 80

Total U.S. Rigs Down 50% From 2014
Bakken Oil Workers

Bakken Oil Workers

The Bakken-Three Forks rig count dropped by five to 79 rigs running across our coverage area by midday Friday.

In recent Bakken news, the Department of Transportation  issued an emergency order on Friday that establishes a maximum speed of 40 miles an hour for certain trains going through high threat urban areas.

Read more: DOT Tells Oil Tankers to Slow Down

The U.S. rig count fell again this week by another 22 ending at 932 rigs running by midday Friday.  A total of 225 rigs were targeting natural gas (and increase of eight  from the previous week) and 703 were targeting oil in the U.S. (31 less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.)  79 rigs are running in the Williston Basin across MT, ND, and SD. 78 are in ND alone.

Bakken Oil & Gas Rigs

By midday Friday, the Bakken oil rigs dropped to 78 rigs.  WTI oil prices continued to increase this week and were up $1.60 from the previous week, trading at $57.34/bbl on Friday afternoon. The WTI-Brent saw an increase of $1.83 by week’s end, landing at $65.28. There was one natural active gas rig in the area and futures are trading at $2.25/mmbtu by midday.

McKenzie County continues to lead development this week but fell to 32 running rigs. Williams (17) and Mountrail (14) counties are the next closest producers. View the full list below under the Bakken Drilling by County section.

Activity continues to be dominated by horizontal drilling:

  • 79 rigs are drilling horizontal wells
  • 0 rigs are drilling directional wells
  • 0 rigs are drilling vertical wells

Be sure to visit our Bakken Job Listings to search openings and come back weekly for updates or sign up for alerts – Daily or Weekly Email Alerts

Bakken Drilling by County

County State Previous Week Current Week County State Previous Week Current Week
MCKENZIE ND 36 32 BILLINGS ND 0 0
WILLIAMS ND 17 17 BOTTINEAU ND 0 0
MOUNTRAIL ND 14 14 BURKE ND 0 0
DUNN ND 12 12 GOLDEN VALLEY ND 0 0
DIVIDE ND 4 3 MCLEAN ND 0 0
RICHLAND MT 1 1 MERCER ND 0 0
DANIELS MT 0 0 RENVILLE ND 0 0
DAWSON MT 0 0 STARK ND 0 0
FALLON MT 0 0 WARD ND 0 0
ROOSEVELT MT 0 0 MCHENRY ND 0 0
SHERIDAN MT 0 0 MCHENRY ND 0 0
VALLEY MT 0 0

Bakken Oil & Gas Rigs

Fracking Companies Likely to Close

Pipeline Safety Strengthened in North Dakota

Halliburton Lays off 10% of Workforce

What is the Rig Count?

The Bakken Shale Rig Count is an index of the total number of oil & gas drilling rigs running across Montana and North Dakota. The rigs referred to in this article are for ALL drilling reported by Baker Hughes and not solely wells targeting the Bakken formation. All land rigs and onshore rig data shown here are based upon industry estimates provided by the Baker Hughes Rig Count.

Read more at bakerhughes.com


Bakken Rig Count Falls to 84

NTSB Urges Tougher Standards for Rail
Crude by Rail

NTSB Urges Tougher Standards

The Bakken-Three Forks rig count dropped by five to 84 rigs running across our coverage area by midday Friday.

In recent Bakken news, the National Transportation Safety Board (NTSB) is urging tougher standards for oil tankers carrying Bakken crude.

Read more: Crude by Rail Facing Tougher Standards

The U.S. rig count fell another 34 to 954 rigs running as of today. A total of 217 rigs were targeting natural gas (a decrease of eight  from the previous week) and 734 were targeting oil in the U.S. (26 less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.)  84 rigs are running in the Williston Basin across MT, ND, and SD. 83 are in ND alone.

Bakken Oil & Gas Rigs

By midday Friday, the Bakken oil rigs dropped to 84 rigs.  WTI oil prices increased $4.10 from the previous week, trading at $55.74/bbl on Friday afternoon. The WTI-Brent saw an increase of $5.58 by week’s end, landing at $63.45. There are currently no natural active gas rigs in the area and futures are trading at $2.63/mmbtu.

McKenzie County continues to lead development this week but fell to 36 running rigs. Williams (17) and Mountrail (14) counties are the next closest producers. View the full list below under the Bakken Drilling by County section.

Activity continues to be dominated by horizontal drilling:

  • 83 rigs are drilling horizontal wells
  • 1 rigs are drilling directional wells
  • 0 rigs are drilling vertical wells

Be sure to visit our Bakken Job Listings to search openings and come back weekly for updates or sign up for alerts – Daily or Weekly Email Alerts

Bakken Drilling by County

County State Previous Week Current Week County State Previous Week Current Week
MCKENZIE ND 41 36 WIBAUX MT 0 0
WILLIAMS ND 16 17 BILLINGS ND 0 0
MOUNTRAIL ND 15 14 BOTTINEAU ND 0 0
DUNN ND 12 12 BURKE ND 0 0
DIVIDE ND 4 4 GOLDEN VALLEY ND 0 0
RICHLAND MT 1 1 MCLEAN ND 0 0
DANIELS MT 0 0 MERCER ND 0 0
DAWSON MT 0 0 RENVILLE ND 0 0
FALLON MT 0 0 STARK ND 0 0
ROOSEVELT MT 0 0 WARD ND 0 0
SHERIDAN MT 0 0 MCHENRY ND 0 0
VALLEY MT 0 0

Bakken Oil & Gas Rigs

Will Bakken Man Camps Disappear?

Bakken Production Expected to Decline

PHMSA Offers Pipeline Safety Grants

What is the Rig Count?

The Bakken Shale Rig Count is an index of the total number of oil & gas drilling rigs running across Montana and North Dakota. The rigs referred to in this article are for ALL drilling reported by Baker Hughes and not solely wells targeting the Bakken formation. All land rigs and onshore rig data shown here are based upon industry estimates provided by the Baker Hughes Rig Count.

Read more at bakerhughes.com

 


U.S. Rig Count Drops Below 1,000

Bakken Rigs Down to 89
rig count bakken

Rig Count Declines in Bakken

The Bakken-Three Forks rig count dropped by two to 91 rigs running across our coverage area by midday Friday. 

In recent Bakken news, Shareholders from Halliburton and Baker Hughes recently gave overwhelming approval for a mega-merger that would combine the two companies in a deal estimated at $35 billion.

Read more: Halliburton to Merge With Baker Hughes

The U.S. rig count fell another 40 to 988 rigs running as of today. A total of 225 rigs were targeting natural gas (an increase of three from the previous week) and 760 were targeting oil in the U.S. (52 less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.)  89 rigs are running in the Williston Basin across MT, ND, and SD. 88 are in ND alone.

Bakken Oil & Gas Rigs

The number of oil rigs dropped to 89 as of by midday Friday.  WTI oil prices increased $2.50 from the previous week, trading at $51.64/bbl on Friday afternoon. The WTI-Brent saw an increase of $2.92 by week’s end, landing at $57.87. There are currently no natural active gas rigs in the area and futures are trading at $2.51/mmbtu by midday.

McKenzie County continues to lead development and increased to 41 running rigs. Williams (16) and Mountrail (15) counties are the next closest producers. View the full list below under the Bakken Drilling by County section.

Activity continues to be dominated by horizontal drilling:

  • 88 rigs are drilling horizontal wells
  • 1 rigs are drilling directional wells
  • 0 rigs are drilling vertical wells

Be sure to visit our Bakken Job Listings to search openings and come back weekly for updates or sign up for alerts – Daily or Weekly Email Alerts

Bakken Drilling by County

County State Previous Week Current Week County State Previous Week Current Week
MCKENZIE ND 40 41 WIBAUX MT 0 0
WILLIAMS ND 18 16 BILLINGS ND 0 0
MOUNTRAIL ND 17 15 BOTTINEAU ND 0 0
DUNN ND 11 12 BURKE ND 0 0
DIVIDE ND 4 4 GOLDEN VALLEY ND 0 0
RICHLAND MT 1 0 MCLEAN ND 0 0
DANIELS MT 0 0 MERCER ND 0 0
DAWSON MT 0 0 RENVILLE ND 0 0
FALLON MT 0 0 STARK ND 0 0
ROOSEVELT MT 0 0 WARD ND 0 0
SHERIDAN MT 0 0 MCHENRY ND 0 0
VALLEY MT 0 0

Bakken Oil & Gas Rigs

Bakken Crude by Rail Under Attack

ALEC Doesn’t Deny Climate Change

ConocoPhillips Reveals Plan to Stay Flexible

What is the Rig Count?

The Bakken Shale Rig Count is an index of the total number of oil & gas drilling rigs running across Montana and North Dakota. The rigs referred to in this article are for ALL drilling reported by Baker Hughes and not solely wells targeting the Bakken formation. All land rigs and onshore rig data shown here are based upon industry estimates provided by the Baker Hughes Rig Count.

Read more at bakerhughes.com


Bakken Rig Count Remains Flat

90,000 Wells Impacted by New Fracking Rules
New Regulations For Fracking on Public Lands

New Regulations For Fracking on Public Lands

The Bakken-Three Forks rig count remained flat at 97 rigs running across our coverage area by midday Friday.

In recent Bakken news, the Bureau of Land Management (BLM) finalized new rules on that will regulate hydraulic oil and gas fracturing on public and tribal lands. The ruling could potentially impact more than 90,000 oil and gas wells and set a precedent for future regulations.

Read more: New Fracking Rules for Public Lands

The U.S. rig count fell another 21 to 1048 rigs running as of today. A total of 233 rigs were targeting natural gas (down nine from the previous week) and 814 were targeting oil in the U.S. (41 less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 97 rigs are running in the Williston Basin across MT, ND, and SD. 96 are in ND alone.

Bakken Oil & Gas Rigs

The number of oil rigs stayed remained at 97 rigs running by midday. WTI oil prices increased $4.33 from the previous week, trading at $50.05/bbl on Friday afternoon. The WTI-Brent saw an increase of $2.57 by week’s end, landing at $57.70. There are currently no natural active gas rigs in the area and futures are trading at $2.61/mmbtu by midday.

McKenzie County continues to lead development but dropped to 41 running rigs. Williams (19) and Mountrail (18) counties are the next closest producers. View the full list below under the Bakken Drilling by County section.

Activity continues to be dominated by horizontal drilling:

  • 96 rigs are drilling horizontal wells
  • 0 rigs are drilling directional wells
  • 1 rigs are drilling vertical wells

Be sure to visit our Bakken Job Listings to search openings and come back weekly for updates or sign up for alerts – Daily or Weekly Email Alerts

Bakken Drilling by County

County State Previous Week Current Week County State Previous Week Current Week
MCKENZIE ND 43 41 VALLEY MT 0 0
WILLIAMS ND 18 19 WIBAUX MT 0 0
MOUNTRAIL ND 17 18 BILLINGS ND 0 0
DUNN ND 13 13 BOTTINEAU ND 0 0
DIVIDE ND 4 4 BURKE ND 0 0
RICHLAND MT 1 1 MCLEAN ND 0 0
GOLDEN VALLEY ND 1 1 MERCER ND 0 0
DANIELS MT 0 0 RENVILLE ND 0 0
DAWSON MT 0 0 STARK ND 0 0
FALLON MT 0 0 WARD ND 0 0
ROOSEVELT MT 0 0 MCHENRY ND 0 0
SHERIDAN MT 0 0

Bakken Oil & Gas Rigs

Harold Hamm Gains More Bakken Acreage

Halliburton Closing Minot Facility

Bakken Oil Field Deaths on the Rise

What is the Rig Count?

The Bakken Shale Rig Count is an index of the total number of oil & gas drilling rigs running across Montana and North Dakota. The rigs referred to in this article are for ALL drilling reported by Baker Hughes and not solely wells targeting the Bakken formation. All land rigs and onshore rig data shown here are based upon industry estimates provided by the Baker Hughes Rig Count.


Read more at bakerhughes.com


Bakken Rig Count Dips Below 100

Williston's Population Growth Taxes Infrastructure
Williston Service Population Grew 20%

Williston Service Population Grew 20%

The Bakken-Three Forks rig count decreased by five t0 97 rigs running across our coverage area by the end of last week.

In recent Bakken news, a study reveals that Williston, N.D. is experiencing population growth that is ten times the normal rate. Infrastructure maintenance and improvements are a growing concern throughout the state as growing populations and oil equipment demands have taxed the current roadways and services.

Read more: Population Grows 20% in Williston

The U.S. rig count fell another 56 to 1069 rigs running as of today. A total of 242 rigs were targeting natural gas (down 15 from the previous week) and 825 were targeting oil in the U.S. (41 less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 99 rigs are running in the Williston Basin across MT, ND, and SD. 96 are in ND alone.

Bakken Oil & Gas Rigs

The number of oil rigs decreased by five t0 97 rigs running by midday. WTI oil prices increased $.91 from the previous week, trading at $45.72/bbl on Friday afternoon. The WTI-Brent saw an increase of $.47 by week’s end, landing at $55.14. There are currently no natural active gas rigs in the area and futures are trading at $2.79/mmbtu by midday.

McKenzie County continues to lead development and increased to 43 rigs running. Williams (18) and Mountrail (17) counties are the next closest producers. View the full list below under the Bakken Drilling by County section.

Activity continues to be dominated by horizontal drilling:

  • 96 rigs are drilling horizontal wells
  • 1 rigs are drilling directional wells
  • 0 rigs are drilling vertical wells

Be sure to visit our Bakken Job Listings to search openings and come back weekly for updates or sign up for alerts – Daily or Weekly Email Alerts

Bakken Drilling by County

County State Previous Week Current Week County State Previous Week Current Week
MCKENZIE ND 44 43 VALLEY MT 0 0
WILLIAMS ND 19 18 WIBAUX MT 0 0
MOUNTRAIL ND 18 17 BILLINGS ND 0 0
DUNN ND 14 13 BOTTINEAU ND 0 0
DIVIDE ND 3 4 BURKE ND 0 0
RICHLAND MT 3 1 MCLEAN ND 0 0
GOLDEN VALLEY ND 1 1 MERCER ND 0 0
DANIELS MT 0 0 RENVILLE ND 0 0
DAWSON MT 0 0 STARK ND 0 0
FALLON MT 0 0 WARD ND 0 0
ROOSEVELT MT 0 0 MCHENRY ND 0 0
SHERIDAN MT 0 0

Bakken Oil & Gas Rigs

Whiting Petroleum: Is It Up for Sale?

Anti-Fracking Movement Blamed on Russia

The Economic Impact of Shale Oil

What is the Rig Count?

The Bakken Shale Rig Count is an index of the total number of oil & gas drilling rigs running across Montana and North Dakota. The rigs referred to in this article are for ALL drilling reported by Baker Hughes and not solely wells targeting the Bakken formation. All land rigs and onshore rig data shown here are based upon industry estimates provided by the Baker Hughes Rig Count.

Read more at bakerhughes.com

 


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