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

 


Bakken Rig Count Drops to 102

Oil Price Back Down to Mid-40s
Rigs and Oil Prices Continue to Decline

Rigs and Oil Prices Continue to Decline

The Bakken-Three Forks rig count decreased by four t0 102 rigs running across our coverage area by the end of last week.

In recent Bakken news, two separate accidents across the Williston last week have added to the growing concern about Bakken oil safety and is fueling the intense debate about the way oil is produced, contained and transported in the United States.

Read more: Bakken Oil Safety

The U.S. rig count fell another 67 to 1125 rigs running as of today. A total of 257 rigs were targeting natural gas (down 11 from the previous week) and 866 were targeting oil in the U.S. (56 less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 101 rigs are running in the Williston Basin across MT, ND, and SD. 104 are in ND alone.

Bakken Oil & Gas Rigs

The number of oil rigs decreased by four t0 102 rigs running by midday. WTI oil prices decreased by $4.37 from the previous week, trading at $44.81/bbl on Friday afternoon. The WTI-Brent saw a decrease of $4.75 by week’s end, landing at $54.67. Natural gas rigs decreased by four with futures trading at $2.73/mmbtu by midday.

McKenzie County continues to lead development and increased to 44 rigs running. 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:

  • 102 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 46 44 VALLEY MT 0 0
WILLIAMS ND 19 19 WIBAUX MT 0 0
MOUNTRAIL ND 19 18 BILLINGS MT 0 0
DUNN ND 15 14 BOTTINEAU ND 0 0
RICHLAND MT 3 3 BURKE ND 0 0
DIVIDE ND 3 3 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

Bakken Inspires Television

Emerald Oil Announces Huge 2014 Production

Abraxas Petroleum Releases Q4 Results

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 106

Whiting Petroleum to Cut Rigs in 2015
Whiting Bakken Acreage Map

Whiting Bakken Acreage Map | Click to Enlarge

The Bakken-Three Forks rig count decreased by three t0 106 rigs running across our coverage area by the end of last week.

In recent Bakken news, Whiting Petroleum announced a record 2014 and revealed a 2015 spending plan that includes reducing Bakken rig count. Read more: Whiting to Reduce Bakken Rig Count

The U.S. rig count fell another 72 to 1192 rigs running as of today. A total of 268 rigs were targeting natural gas (down 12 from the previous week) and 922 were targeting oil in the U.S. (64 less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 108 rigs are running in the Williston Basin across MT, ND, and SD. 105 are in ND alone.

Bakken Oil & Gas Rigs

The number of oil rigs decreased by 3 t0 106 rigs running by midday. WTI oil prices decreased by $1.32 from the previous week, trading at $49.18/bbl on Friday afternoon. The WTI-Brent saw a decrease of $0.97 by week’s end, landing at $59.42. Natural gas rigs decreased by four with futures trading at $2.82/mmbtu by midday. 

McKenzie County continues to lead development and increased to 46 rigs running. Williams (19) and Mountrail (19) 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:

  • 106 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 44 46 VALLEY MT 0 0
MOUNTRAIL ND 21 19 WIBAUX MT 0 0
WILLIAMS ND 21 19 BILLINGS MT 0 0
DUNN ND 16 15 BOTTINEAU ND 0 0
RICHLAND MT 3 3 BURKE ND 0 0
DIVIDE ND 3 3 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 News

Oil Bust Brings Opportunities
Oasis Petroleum Announces 35% Growth
Whiting to Reduce Bakken Rig Count

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 Count Down to 109

North Dakota to get $1.1 Billion for Infrastructure
Bakken Oil Well

Bakken Oil Well | Click to Enlarge

The Bakken-Three Forks rig count decreased by 12 t0 109 rigs running across our coverage area by the end of last week.

In recent Bakken news, Governor Dalrymple of North Dakota signed legislation that grants massive emergency funding to counties and cities statewide in order to bolster the lagging infrastructure. The bulk of the money is targeted to fix roadways and bridges that have not been able to keep up with the increased traffic of heavy oil field equipment that the shale boom has brought to the Bakken area.

Read more: Governor Dalrymple Commits to Infrastructure

The U.S. rig count fell another 43 to 1267 rigs running by the end of last week. A total of 280 rigs were targeting natural gas (down nine from the previous week) and 986 were targeting oil in the U.S. (33 less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 111 rigs are running in the Williston Basin across MT, ND, and SD. 108 are in ND alone.

Bakken Oil & Gas Rigs

The number of oil rigs decreased by 12 t0 109 rigs running by the end of the week . WTI oil prices decreased by $1.66 from the previous week, trading at $48.84/bbl on Friday afternoon. The WTI-Brent saw an increase decrease of $96 by week’s end, landing at $61.35. Natural gas rigs remained flat with futures trading at $2.71/mmbtu by the end of last week.

McKenzie County continues to lead development with 44 rigs running. Williams (21), Mountrail (21) counties are the only other counties with more than 2o rigs running each. View the full list below under the Bakken Drilling by County section.

Activity is dominated by horizontal drilling:

  • 109 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 45 44 VALLEY MT 1 0
MOUNTRAIL ND 21 21 WIBAUX MT 0 0
WILLIAMS ND 26 21 BILLINGS MT 0 0
DUNN ND 20 16 BOTTINEAU ND 1 0
RICHLAND MT 3 3 BURKE ND 0 0
DIVIDE ND 3 3 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

Small Oil Companies Express Optimism

Obama Issues Keystone Pipeline Veto

EOG Reduces 2015 Capex 40 Percent

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 Ends Week at 121

Kinder Morgan Finalizes Acquisition of Hiland
rig count bakken

Rig Count Declines in Bakken

The Bakken-Three Forks rig count decreased by five t0 121 rigs running across our coverage area by the end of last week.

In recent Bakken news, Kinder Morgan announced last week that it finalized the acquisition of Hiland Partners, a midstream firm founded by Harold Hamm, CEO of Continental Resources. The deal, reported at $3 billion, includes assuming almost $1 billion in debt.

Read more: Kinder Morgan Acquires Hiland

The U.S. rig count fell another 48 to 1310 rigs running by the end of last week. A total of 289 rigs were targeting natural gas (down 11 from the previous week) and 1019 were targeting oil in the U.S. (37 less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 123 rigs are running in the Williston Basin across MT, ND, and SD. 119 are in ND alone.

Bakken Oil & Gas Rigs

The number of oil rigs decreased by five t0 121 rigs running by the end of the week . WTI oil prices decreased by $2.14 from the previous week, trading at $50.50/bbl on Friday afternoon. The WTI-Brent saw an increase decrease of $3.34 by week’s end, landing at $60.39. Natural gas rigs remained flat with futures trading at $2.94/mmbtu by the end of last week.

McKenzie County continues to lead development with 45 rigs running. Williams (26), Mountrail (21) and Dunn (20) counties are the only other counties with more than 2o rigs running each. View the full list below under the Bakken Drilling by County section.

Activity is dominated by horizontal drilling:

  • 119 rigs are drilling horizontal wells
  • 1 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 47 45 ROOSEVELT MT 2 0
WILLIAMS ND 28 26 SHERIDAN MT 0 0
MOUNTRAIL ND 21 21 WIBAUX MT 0 0
DUNN ND 20 20 BILLINGS MT 0 0
RICHLAND MT 3 3 BURKE ND 0 0
DIVIDE ND 3 3 MCLEAN ND 0 0
VALLEY MT 0 1 MERCER ND 0 0
BOTTINEAU ND 1 1 RENVILLE ND 0 0
GOLDEN VALLEY ND 1 1 STARK ND 0 0
DANIELS MT 0 0 WARD ND 0 0
DAWSON MT 0 0 MCHENRY ND 0 0
FALLON MT 0 0

Bakken Oil & Gas Rigs

John Hofmeister Challenges NAPE Attendees

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 Slides to 126

Occidental Reduces 2015 Spending in the Bakken
Occidental Bakken Acreage

Occidental Bakken Acreage|Click to Enlarge

The Bakken-Three Forks rig count decreased by nine t0 126 rigs running across our coverage area by the end of last week.

In recent Bakken news, Occidental announced it will scale back its 2015 capital spending by 33 percent to $5.8 billion from $8.7 billion spent in 2014. In addition to the cuts, the company will also be reducing its activity in the Bakken. 

Read more: Occidental Petroleum Reduced 2015 Capex by 33%

The U.S. rig count fell another 98 to 1358 rigs running by the end of last week. A total of 300 rigs were targeting natural gas (down 14 from the previous week) and 1056 were targeting oil in the U.S. (84 less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.). 129 rigs are running in the Williston Basin across MT, ND, and SD. 123 are in ND alone.

Bakken Oil & Gas Rigs

The number of oil rigs decreased by nine t0 126 rigs running by the end of the week . WTI oil prices increased by $.95 from the previous week, trading at $52.64/bbl on Friday afternoon.. The WTI-Brent saw a decrease of $.75 by week’s end, landing at $57.05. Natural gas rigs decreased by one with futures trading at $2.80/mmbtu by the end of last week.

McKenzie County continues to lead development with 47 rigs running. Williams (28), Mountrail (21) and Dunn (20) counties are the only other counties with more than 2o rigs running each. View the full list below under the Bakken Drilling by County section.

Activity is dominated by horizontal drilling:

  • 125 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 MT 49 47 SHERIDAN MT 0 0
WILLIAMS ND 30 28 VALLEY MT 0 0
MOUNTRAIL MT 23 21 WIBAUX MT 0 0
DUNN MT 22 20 BILLINGS ND 1 0
RICHLAND MT 3 3 BURKE MT 0 0
DIVIDE MT 3 3 MCLEAN MT 0 0
ROOSEVELT MT 2 2 MERCER ND 0 0
BOTTINEAU MT 1 1 RENVILLE MT 0 0
GOLDEN VALLEY MT 1 1 STARK ND 0 0
DANIELS MT 0 0 WARD ND 0 0
DAWSON ND 0 0 MCHENRY ND 0 0
FALLON ND 0 0


Bakken Oil & Gas News

North Dakota Tax Trigger Getting Closer

Occidental Petroleum Reduced 2015 Capex by 33%

Keystone Bill Hits Another Snag

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 the full repot at bakerhughes.com


MENU