Bakken Shale Drilling

Bakken Rig Count at 71

Analyst Speculate on Profit Point

The Bakken-Three Forks rig count increased to 71 rigs running across our coverage area by end of the week on Friday.

In recent Bakken news, crude oil has fallen to a six year low in recent weeks, but even at the current price of around $43, analysts speculate the Bakken will remain strong.  

Read more: Can Bakken Break Even at $30?

The U.S. rig count increased by one, ending with 885 rigs running by midday Friday.  A total of 211 rigs were targeting natural gas (the same as the previous week) and 674 were targeting oil in the U.S. (two more than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.)  72 are in ND alone.

Bakken Oil & Gas Rigs

The Bakken oil rigs were at 71 rigs this week with Bloomberg reporting WTI oil prices trading at $40.45/bbl on Friday afternoon, a $1.68 decrease from the previous week. WTI-Brent decreased $3.57 landing to $45.46. The Bakken has zero natural active gas rig in the area this week with futures decreasing to $2.68/mmbtu by midday.

McKenzie County continues to lead development and is running 26 running this week, while Williams (15) and Mountrail (12) followed behind. View the full list below under the Bakken Drilling by County section.

Activity continues to be dominated by horizontal drilling:

  • 61 rigs are drilling horizontal wells
  • 1 rigs are drilling directional wells
  • 2 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 ST Previous Wk Current Wk County State Previous Week Current Week
MCKENZIE ND 26 26 ROOSEVELT MT 0 0
WILLIAMS ND 15 15 SHERIDAN MT 0 0
MOUNTRAIL ND 11 12 VALLEY MT 0 0
DUNN ND 9 10 WIBAUX MT 0 0
DIVIDE ND 3 3 BILLINGS ND 0 0
BOTTINEAU ND 1 2 BURKE ND 0 0
DAWSON MT 1 1 GOLDEN VALLEY ND 0 0
MCLEAN ND 1 1 MERCER ND 0 0
STARK ND 1 1 RENVILLE ND 0 0
DANIELS MT 0 0 WARD ND 0 0
FALLON MT 0 0 MCHENRY ND 0 0
RICHLAND MT 0 0

Bakken Oil & Gas News

New Ruling to Slash Methane Emissions

Montana Mineral Owners Receive Low-Ball Offers from Federal Government

 

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 Fall Back to 68

Crude Plunges to Lowest Price in Six Years
akken Rigs

Bakken Rigs

The Bakken-Three Forks rig count fell to 68 rigs running across our coverage area by end of the week on Friday.

In recent Bakken news, on Tuesday China made the move to devalue its currency, sending shockwaves around the globe and contributing to U.S. crude oil falling to its lowest levels in six years.

Read more: Crude Hits Six Year Low

The U.S. rig count remained flat, ending with 884 rigs running by midday Friday.  A total of 211 rigs were targeting natural gas (two less than the previous week) and 672 were targeting oil in the U.S. (two more than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.)  69 are in ND alone.

Bakken Oil & Gas Rigs

The Bakken oil rigs fell back to 68 rigs this week with Bloomberg reporting WTI oil prices trading at $42.13/bbl on Friday afternoon, a $4.78 decrease from the previous week. WTI-Brent decreased $2.95 landing to $49.03. The Bakken has zero natural active gas rig in the area this week with futures increasing to $2.81/mmbtu by midday.

McKenzie County continues to lead development and is running 26 running this week, while Williams (15) and Mountrail (11) followed behind. View the full list below under the Bakken Drilling by County section.

Activity continues to be dominated by horizontal drilling:

  • 65 rigs are drilling horizontal wells
  • 0 rigs are drilling directional wells
  • 3 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

Bakken Oil & Gas News

Continental Resources: Excellent Q2

Investors Lose Millions in Oil Well Scheme

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 Back to 70

Companies Enter Survival Mode
akken Rig Count Stays Flat

Bakken Rigs

The Bakken-Three Forks rig count rose to 70 rigs running across our coverage area by end of the week on Friday.

In recent Bakken news, Whiting petroleum announced second quarter earnings this week that highlighted record production and plans to complete 40 to 50 wells in the Bakken. As second quarter earning results are trickling, many companies are showing signs that they are shifting their priorities from growth to survival.

Read more: Oil and Gas Companies Enter Survival Mode 

The U.S. rig count increased by 10, ending with 884 rigs running by midday Friday.  A total of 213 rigs were targeting natural gas (four more than the previous week) and 670 were targeting oil in the U.S. (six more than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.)  71 are in ND alone.

Bakken Oil & Gas Rigs

The Bakken oil rigs increased at 70 rigs this week with Bloomberg reporting WTI oil prices trading at $44.02/bbl on Friday afternoon, a $2.89 decrease from the previous week. WTI-Brent decreased $3.33 landing to $48.65. The Bakken has zero natural active gas rig in the area this week with futures increasing to $2.80/mmbtu by midday.

McKenzie County continues to lead development and is running 26 running this week, while Williams (16) and Mountrail (11) followed behind. View the full list below under the Bakken Drilling by County section.

Activity continues to be dominated by horizontal drilling:

  • 68 rigs are drilling horizontal wells
  • 0 rigs are drilling directional wells
  • 2 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 ST Previous Wk Current Wk County State Previous Week Current Week
MCKENZIE ND 25 26 ROOSEVELT MT 0 0
WILLIAMS ND 17 16 SHERIDAN MT 0 0
MOUNTRAIL ND 11 11 VALLEY MT 0 0
DUNN ND 10 10 WIBAUX MT 1 0
DIVIDE ND 3 3 BILLINGS ND 0 0
DAWSON MT 0 1 BURKE ND 0 0
BOTTINEAU ND 0 1 GOLDEN VALLEY ND 0 0
MCLEAN ND 1 1 MERCER ND 0 0
STARK ND 1 1 RENVILLE ND 0 0
DANIELS MT 0 0 WARD ND 0 0
FALLON MT 0 0 MCHENRY ND 0 0
RICHLAND MT 0 0

Bakken Oil & Gas News

Oil & Gas Companies Enter Survival Mode

Senate Committee Votes to Lift Oil Export Ban

Whiting Plans to Drop Bakken Rigs

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 Steady

U.S. Running 874 Rigs
akken Rig Count Stays Flat

Bakken Rig Count Remains Flat

The Bakken-Three Forks rig count remained at 69 rigs running across our coverage area.

In recent Bakken news, 22 train cars from a Burlington Northern Santa Fe Railway (BNSF)  train derailed last week causing an evacuation of residents in nearby homes and in a Bakken man camp

Read more: Bakken Train Derailment

The U.S. rig count decreased by two, ending with 874 rigs running by midday Friday.  A total of 209 rigs were targeting natural gas (seven less than the previous week) and 664 were targeting oil in the U.S. (five more than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.)  70 are in ND alone.

Bakken Oil & Gas Rigs

The Bakken oil rigs stayed at 69 rigs this week with Bloomberg reporting WTI oil prices trading at $46.91/bbl on Friday afternoon, a $1.22 decrease from the previous week. WTI-Brent decreased $2.72 landing to $51.98. The Bakken has zero natural active gas rig in the area this week with futures increasing to $2.71/mmbtu by midday.

McKenzie County continues to lead development and is running 25 running this week, while Williams (17) and Mountrail (11) followed behind. View the full list below under the Bakken Drilling by County section.

Activity continues to be dominated by horizontal drilling:

  • 68 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 ST Previous Wk Current Wk County State Previous Week Current Week
MCKENZIE ND 26 25 ROOSEVELT MT 0 0
WILLIAMS ND 17 17 SHERIDAN MT 0 0
MOUNTRAIL ND 11 11 VALLEY MT 0 0
DUNN ND 9 10 BILLINGS ND 0 0
DIVIDE ND 3 3 BOTTINEAU ND 0 0
WIBAUX MT 1 1 BURKE ND 0 0
MCLEAN ND 1 1 GOLDEN VALLEY ND 0 0
STARK ND 1 1 MERCER ND 0 0
DANIELS MT 0 0 RENVILLE ND 0 0
DAWSON MT 0 0 WARD ND 0 0
FALLON MT 0 0 MCHENRY ND 0 0
RICHLAND MT 0 0

Bakken Oil & Gas News

New Regulations For Bakken Housing

Montana Mineral Owners Receive Low-Ball Offers from Federal Government

Oil Glut Causing Prices to Dive

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 at 69

More Layoff in the Region Reported
ND Pump Jack Photo

ND Pump Jack | Click to Enlarge

The Bakken-Three Forks rig count increased this week to 69 rigs running across our coverage area.

In recent Bakken news, a North Dakota railcar and logistics facility laid off 10% of its full time employees this week. Company sources blame the layoffs on decreased demand for railcars to transport Bakken crude oil.

Read more: Savage Services Cuts Jobs in Bakken

The U.S. rig count increased by 19, ending with 876 rigs running by midday Friday.  A total of 216 rigs were targeting natural gas (two less than the previous week) and 659 were targeting oil in the U.S. (21 more than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.)  69 are in ND alone.

Bakken Oil & Gas Rigs

The Bakken oil rigs increased to 69 rigs this week with Bloomberg reporting WTI oil prices trading at $48.13/bbl on Friday afternoon, a $2.72 decrease from the previous week. WTI-Brent decreased $2.41 landing to $54.7. The Bakken has zero natural active gas rig in the area this week with futures increasing to $2.78/mmbtu by midday.

McKenzie County continues to lead development and is running 27 running this week, while Williams (14) and Mountrail (12) followed behind. View the full list below under the Bakken Drilling by County section.

Activity continues to be dominated by horizontal drilling:

  • 69 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 ST Previous Wk Current Wk County State Previous Week Current Week
MCKENZIE ND 27 26 ROOSEVELT MT 0 0
WILLIAMS ND 14 17 SHERIDAN MT 0 0
MOUNTRAIL ND 12 11 VALLEY MT 0 0
DUNN ND 9 9 BILLINGS ND 0 0
DIVIDE ND 3 3 BOTTINEAU ND 0 0
WIBAUX MT 1 1 BURKE ND 0 0
MCLEAN ND 1 1 GOLDEN VALLEY ND 0 0
STARK ND 1 1 MERCER ND 0 0
DANIELS MT 0 0 RENVILLE ND 0 0
DAWSON MT 0 0 WARD ND 0 0
FALLON MT 0 0 MCHENRY ND 0 0
RICHLAND MT 0 0

Bakken Oil & Gas News

Fracking Linked to Drop-Out Rates

Bakken Train Derailment

Federal Fracking Rule on Hold

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 Drops to 68

North Dakota Fights Federal Fracking Rule
Bakken Rig Count Drops

Bakken Rig Count Drops

The Bakken-Three Forks rig count decreased this week to 68 rigs running across our coverage area.

In recent Bakken news, U.S. District Court Judge Scott W. Skavdahl delayed the new federal fracking rule, which was to go into effect last week. The permitting of oil and gas wells on federal land will proceed under current regulations until July 22nd.

Read more: North Dakota Fights Fracking Rule

The U.S. rig count decreased by six, ending with 857 rigs running by midday Friday.  A total of 218 rigs were targeting natural gas (one more than the previous week) and 638 were targeting oil in the U.S. (seven less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.)   68 are in ND alone.

Bakken Oil & Gas Rigs

The Bakken oil rigs decreased to 68 rigs this week with Bloomberg reporting WTI oil prices trading at $50.85/bbl on Friday afternoon, a $1.89 decrease from the previous week. WTI-Brent decreased $1.62 landing to $57.11. The Bakken has zero natural active gas rig in the area this week with futures increasing to $2.88/mmbtu by midday.

McKenzie County continues to lead development and is running 27 running this week, while Williams dropped to 14 and Mountrail stayed flat at 12. View the full list below under the Bakken Drilling by County section.

Activity continues to be dominated by horizontal drilling:

  • 68 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 ST Previous Wk Current Wk County State Previous Week Current Week
MCKENZIE ND 29 27 ROOSEVELT MT 0 0
WILLIAMS ND 15 14 SHERIDAN MT 0 0
MOUNTRAIL ND 12 12 VALLEY MT 0 0
DUNN ND 9 9 BILLINGS ND 0 0
DIVIDE ND 3 3 BOTTINEAU ND 0 0
WIBAUX MT 1 1 BURKE ND 0 0
MCLEAN ND 1 1 GOLDEN VALLEY ND 0 0
STARK ND 0 1 MERCER ND 0 0
DANIELS MT 0 0 RENVILLE ND 0 0
DAWSON MT 0 0 WARD ND 0 0
FALLON MT 0 0 MCHENRY ND 0 0
RICHLAND MT 0 0

Bakken Oil & Gas News

Oil & Gas Bankruptcies Likely to Increase

U.S. Oil Production Has Peaked

Savage Services Cuts Jobs in Bakken

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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