Bakken Rig Count – 175 – Nearly Half of Halcon Budget Targeting Bakken

Bakken Rig Count Stays Flat this Week at 175
Halcon Bakken Acreage Map

Halcon Bakken Acreage Map | Click to Enlarge

The Bakken-Three Forks rig count stayed flat at 175 rigs running over the past week. The NDIC notes around 192 rigs are active in North Dakota, but around 13 of those are in the process of moving in and rigging up.

In recent Bakken news, Halcon anticipates spending approximately 49% of its total drilling and completions budget in the Williston Basin in 2014. Based on previous budget estimates, that’s about ~475 million.

Read moreNearly Half of Halcon 2014 Budget Targeting Bakken – ~$475 Million

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Bakken Rig Count – 175 – EOG Resources Plans to Double Bakken Activity in 2014

Bakken Rig Count Increases by 2 to 175
EOG Bakken Acreage Map

EOG Bakken Acreage Map | Click to Enlarge

The Bakken-Three Forks rig count increased by 2 to 175 rigs running over the past week. The NDIC notes around 192 rigs are active in North Dakota, but around 18 of those are in the process of moving in and rigging up.

In recent Bakken news, EOG Resources plans on drilling 80-net wells in 2014. That’s nearly double the number of net-wells drilled in 2013, which was 54. At that rate, the company has a drilling inventory in the Bakken of ~8 years.

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Bakken Rig Count -173 – Williston, ND Has Highest Avg. Rent in U.S.

The Bakken Rig Count Decreased by 2 This Week
Apartments In Williston, ND

Apartments In Williston, ND

The Bakken-Three Forks rig count decreased by 2 to 173 rigs running over the past week. The NDIC notes around 182 rigs are active in North Dakota, but around 17 of those are in the process of moving in and rigging up.

In recent Bakken news, A study done by Apartment Guidein February 2014 puts Williston, North Dakota in the top spot for highest average entry-level rent. According to the publication, a 700-square-foot, one-bedroom, one-bath apartment in Williston, North Dakota can cost more than $2000 per month.

Read moreWilliston, ND Rent Soars Past Highest Rent Areas of U.S. to Top Spot

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Bakken Rig Count – 175 – Continental’s Proved Reserves in Bakken – $14.5 Billion

Bakken Rig Count Stays Flat this Week at 175
Continental 2013 Production

Continental Production | Click to Enlarge

The Bakken-Three Forks rig count stayed flat at 175 rigs running over the past week. The NDIC notes around 185 rigs are active in North Dakota, but around 12 of those are in the process of moving in and rigging up.

In recent Bakken news, Continental Resource’s Bakken and Three Forks position contributed 741 million boe to the company’s proved reserves at an estimated value of $14.5 billion at the end of 2013. Continental is one of the largest operators in the Bakken Shale.

Read moreContinental’s Proved Reserves in Bakken Valued at $14.5 Billion – 2013

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Bakken Rig Count – 175 – Bakken Shale Pushes Up Marathon Income in 2013 – February 7, 2014

NDIC notes around 192 rigs are active in North Dakota, but around 19 of those are in the process of moving in and rigging up
Marathon Oil Bakken Map

Marathon Oil Bakken Acreage Map | Click to Enlarge

The Bakken-Three Forks rig count decreased by one rig to 175 rigs running over the past week. The NDIC notes around 192 rigs are active in North Dakota, but around 19 of those are in the process of moving in and rigging up.

In recent Bakken news, Marathon Oil’s Bakken production helped drive the company’s North American E&P segment income to $529 million in 2013, compared to $382 million in 2012.

Read moreMarathon Oil’s Bakken Production Drives North American E&P Income Up 38%

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Bakken Rig Count – 176 – ConocoPhillips Bakken Production Up 80% in Q4 2013 – January 31, 2014

Conoco Phillips Bakken Production at 43,000 boe/d in Q4 2013. Bakken makes up ~12% of Conoco Phillips Lower 48 Production
Bakken Rig

Bakken Rig |Click to Enlarge

The Bakken-Three Forks rig count stayed flat at 176 rigs running over the past week. The NDIC notes around 190 rigs are active in North Dakota, but around 13 of those are in the process of moving in and rigging up.

In recent Bakken news, Conoco Phillips’ Bakken Production hits 43,000 boe/d in Q4 2013. The Bakken makes up ~12% of Conoco Phillips Lower 48 Production

Read more: Conoco Phillips’ Bakken Shale Production Up 80% in Q4 2013 to 43,000 boe/d

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Bakken Rig Count 175 – Production Approaching 1 Million b/d – Jan 17, 2013

For the First Time, More Than 10,000 Wells Were Producing in November
Bakken Oil Production Forecast - NDPA

Bakken Oil Production Forecast – NDPA | Click to Enlarge

The Bakken-Three Forks rig count decreased by one to 175 running over the past week. The NDIC notes around 187 rigs are active in North Dakota, but around 17 of those are in the process of moving in and rigging up.

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Bakken-Three Forks Rig Count 176 – Drilling Efficiency Flat in Q4 – Jan 13, 2014

Bakken and Three Forks Well Spuds Q4 2013

Bakken & Three Forks Well Spuds Q4 2013 | Click to Enlarge

The Bakken-Three Forks rig count decreased by six to 176 running over the past week. The NDIC notes around 193 rigs are active in North Dakota, but around 16 of those are in the process of moving in and rigging up.

The North Dakota Public Service Commission (PSC) approved the siting permit for the Bakken Oil Express Pipeline between Killdeer and Dickinson. The pipeline is expected to replace 825 trucks per day on Highway 22.

With the permit in hand, construction can begin immediately. Read more in the article: Bakken Oil Express Pipeline Approved by the North Dakota PSC

The U.S. rig count increased by three rigs from 1,751 to 1,754 running over the past week. A total of 357 rigs are targeting natural gas (15 less than last week) and 1,393 (15 more than last week) are targeting oil in the U.S. The remainder are drilling service wells (e.g. disposal wells, injection wells, etc.). 179 rigs are running in the Williston Basin across MT, ND, and SD. That’s down six from last week.


Not all rigs counted in our census are drilling for the Bakken, but it’s close. The NDIC estimates 95% or more of activity in this region targets the Bakken and Three Forks formations.

Note: The NDIC reports 193 rigs are active in North Dakota. That is 17 more than Baker Hughes reports in the Bakken area. The difference is likely accounted for in the number of rigs actually working, rigs that might not be serviced by Baker Hughes AND rigs in areas outside of the Bakken fairway. On any given week, a certain number of rigs are in route to the next well location or idle waiting to drill the next well. The NDIC notes that around 26 rigs are in the process of moving in and rigging up.

Bakken Oil & Gas Rigs

The number of oil rigs running decreased by six to 176. WTI oil prices took a slight hit as trading resumed for the new year, dropping to just under $92/bbl by the end of the week. Williston Basin Sweet crude traded at $73.19/bbl on January 13th. The WTI-Brent opened up some from last week, settling a little under $15 this past week.

The natural gas rig count in the region held flat at zero. Natural gas futures (Henry Hub) were trading around $4/mmbtu by the end of the week. A little more than 10% of the production stream from the Bakken and Three Forks is attributable to natural gas and roughly half of that is NGLs.

McKenzie County continues to lead development with 57 rigs running. Dunn, Mountrail, and Williams counties are the only other counties with more than 20 rigs running. View the full list below.

Activity is dominated by horizontal drilling: 160 rigs are drilling horizontal wells, 14 rigs are drilling directional wells, and 2 rigs are drilling vertical wells.

Bakken Oil & Gas News

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 Previous Week Current Week County Previous Week Current Week
MCKENZIE ND 55 55 BOTTINEAU ND 1 1
MOUNTRAIL ND 30 30 MCLEAN ND 1 1
WILLIAMS ND 29 29 RENVILLE ND 1 1
DUNN ND 26 26 DANIELS MT 0 0
DIVIDE ND 9 9 DAWSON MT 0 0
BURKE ND 7 7 VALLEY MT 0 0
RICHLAND MT 5 5 WIBAUX MT 0 0
BILLINGS ND 4 4 GOLDEN VALLEY ND 0 0
STARK ND 4 4 MERCER ND 0 0
ROOSEVELT MT 2 2 WARD ND 0 0
FALLON MT 1 1 MCHENRY ND 0 0
SHERIDAN MT 1 1

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 and/or Smith Service Co’s (Schlumberger) Smith Rig Count.

Bakken-Three Forks Rig Count 182 – North Dakota Public Service Commission Approves Bakken Oil Express Pipeline – Jan 6, 2014

Pipeline Construction

Pipeline Construction | Click to Enlarge

The Bakken-Three Forks rig count increased by two to 182 running over the past week. The NDIC notes around 186 rigs are active in North Dakota, but around 26 of those are in the process of moving in and rigging up.

The North Dakota Public Service Commission (PSC) approved the siting permit for the Bakken Oil Express Pipeline between Killdeer and Dickinson. The pipeline is expected to replace 825 trucks per day on Highway 22.

With the permit in hand, construction can begin immediately. Read more in the article: Bakken Oil Express Pipeline Approved by the North Dakota PSC

The U.S. rig count dropped by 6 rigs from 1,757 to 1,751 running over the past week. A total of 372 rigs are targeting natural gas (2 less than last week) and 1,378 (4 less than last week) are targeting oil in the U.S. The remainder are drilling service wells (e.g. disposal wells, injection wells, etc.). 185 rigs are running in the Williston Basin across MT, ND, and SD. That’s up two from last week.


Not all rigs counted in our census are drilling for the Bakken, but it’s close. The NDIC estimates 95% or more of activity in this region targets the Bakken and Three Forks formations.

Note: The NDIC reports 186 rigs are active in North Dakota. That is 4 more than Baker Hughes reports in the Bakken area. The difference is likely accounted for in the number of rigs actually working, rigs that might not be serviced by Baker Hughes AND rigs in areas outside of the Bakken fairway. On any given week, a certain number of rigs are in route to the next well location or idle waiting to drill the next well. The NDIC notes that around 26 rigs are in the process of moving in and rigging up.

Bakken Oil & Gas Rigs

The number of oil rigs running remained at 180. WTI oil prices took a slight hit as trading resumed for the new year, dropping to just under $94/bbl by the end of the week. Williston Basin Sweet crude traded at $74.94/bbl on Dec 20th. The WTI-Brent opened up some from last week, settling a little under $14 this past week.

The natural gas rig count in the region held flat at zero. Natural gas futures (Henry Hub) were trading around $4.30/mmbtu by the end of the week. A little more than 10% of the production stream from the Bakken and Three Forks is attributable to natural gas and roughly half of that is NGLs.

McKenzie County continues to lead development with 57 rigs running. Dunn, Mountrail, and Williams counties are the only other counties with more than 20 rigs running. View the full list below.

Activity is dominated by horizontal drilling: 164 rigs are drilling horizontal wells, 14 rigs are drilling directional wells, and 4 rigs are drilling vertical wells.

Bakken Oil & Gas News

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 Previous Week Current Week County Previous Week Current Week
MCKENZIE ND 57 57 BOTTINEAU ND 1 1
MOUNTRAIL ND 33 33 MCLEAN ND 1 1
WILLIAMS ND 31 31 RENVILLE ND 1 1
DUNN ND 25 26 WARD ND 1 1
DIVIDE ND 9 9 DANIELS MT 0 0
RICHLAND MT 5 5 DAWSON MT 0 0
BURKE ND 5 5 VALLEY MT 0 0
BILLINGS ND 4 4 WIBAUX MT 0 0
STARK ND 4 4 GOLDEN VALLEY ND 0 0
ROOSEVELT MT 1 2 MERCER ND 0 0
FALLON MT 1 1 MCHENRY ND 0 0
SHERIDAN MT 1 1

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 and/or Smith Service Co’s (Schlumberger) Smith Rig Count.

Bakken-Three Forks Rig Count 180 – Abraxas Spending $54 Million in Bakken for 2014 – Dec 30, 2013

The Bakken-Three Forks rig count held steady at 180 running over the past week. The NDIC notes around 187 rigs are active in North Dakota, but around 17 of those are in the process of moving in and rigging up.

Abraxas Petroleum announced that it plans to spend $53.8 million in the Bakken 2014.

Abraxas also plans on running one rig in the area next year. Read more in the article: Abraxas Will Run One Bakken Rig and Spend $54 Million in 2014

The U.S. rig count dropped by 11 rigs from 1,768 to 1,757 running over the past week. A total of 374 rigs are targeting natural gas (2 more than last week) and 1,382 (13 less than last week) are targeting oil in the U.S. The remainder are drilling service wells (e.g. disposal wells, injection wells, etc.). 183 rigs are running in the Williston Basin across MT, ND, and SD. That’s the same as last week.


Not all rigs counted in our census are drilling for the Bakken, but it’s close. The NDIC estimates 95% or more of activity in this region targets the Bakken and Three Forks formations.

Note: The NDIC reports 187 rigs are active in North Dakota. That is 7 more than Baker Hughes reports in the Bakken area. The difference is likely accounted for in the number of rigs actually working, rigs that might not be serviced by Baker Hughes AND rigs in areas outside of the Bakken fairway. On any given week, a certain number of rigs are in route to the next well location or idle waiting to drill the next well. The NDIC notes that around 17 rigs are in the process of moving in and rigging up.

Bakken Oil & Gas Rigs

The number of oil rigs running remained at 180. WTI oil prices basically held flat on the week at just under $99/bbl. Williston Basin Sweet crude traded at $81.19/bbl on Dec 20th. The WTI-Brent tightened slightly to settle just under $12 this past week.

The natural gas rig count in the region held flat at zero. Natural gas futures (Henry Hub) were trading around $4.52/mmbtu as of last Tuesday. A little more than 10% of the production stream from the Bakken and Three Forks is attributable to natural gas and roughly half of that is NGLs.

McKenzie County continues to lead development with 57 rigs running. Dunn, Mountrail, and Williams counties are the only other counties with more than 20 rigs running. View the full list below.

Activity is dominated by horizontal drilling: 162 rigs are drilling horizontal wells, 14 rigs are drilling directional wells, and 4 rigs are drilling vertical wells.

Bakken Oil & Gas News

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 Previous Week Current Week County Previous Week Current Week
MCKENZIE ND 57 57 BOTTINEAU ND 1 1
MOUNTRAIL ND 33 33 MCLEAN ND 1 1
WILLIAMS ND 31 31 RENVILLE ND 1 1
DUNN ND 25 25 WARD ND 1 1
DIVIDE ND 9 9 DANIELS MT 0 0
RICHLAND MT 5 5 DAWSON MT 0 0
BURKE ND 5 5 VALLEY MT 0 0
BILLINGS ND 3 4 WIBAUX MT 0 0
STARK ND 4 4 GOLDEN VALLEY ND 1 0
FALLON MT 1 1 MERCER ND 0 0
ROOSEVELT MT 1 1 MCHENRY ND 0 0
SHERIDAN MT 1 1

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 and/or Smith Service Co’s (Schlumberger) Smith Rig Count.

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