Bakken Shale News http://bakkenshale.com Bakken Shale News, MarketPlace, Jobs Thu, 14 Jan 2016 23:32:25 +0000 en-US hourly 1 http://wordpress.org/?v=4.2.2 Bakken Loses More Rigs http://bakkenshale.com/drilling-rig-count/bakken-loses-more-rigs/ http://bakkenshale.com/drilling-rig-count/bakken-loses-more-rigs/#respond Sun, 10 Jan 2016 17:46:53 +0000 http://bakkenshale.com/?p=7880 akken Rigs

Bakken Rig Count Falls

The Bakken-Three Forks rig count fell by four this week landing at 48 rigs running across our coverage area by midday Friday.

A total of 664 oil and gas rigs were running across the United States this week.148 were targeting natural gas (14 less than the previous week) and 516 were targeting oil in the U.S. (20 less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 48 are in ND alone.

Bakken Oil & Gas Rigs

The Bakken oil rigs were at 48 this week with Bloomberg reporting WTI oil prices trading at $33.16 on Friday afternoon. WTI-Brent decreased $4.18 landing at $33.55.  The Bakken has zero natural active gas rig in the area this week with futures increasing to $2.47/mmbtu by midday.

McKenzie County continues to lead development with 20 rigs running this week, far outpacing other counties. View the full list below under the Bakken Drilling by County section.

Activity continues to be dominated by horizontal drilling:

  • 47 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 Last Week This Week County State Last Week This Week
MCKENZIE ND 23 20 ROOSEVELT MT 0 0
DUNN ND 12 12 SHERIDAN MT 0 0
WILLIAMS ND 7 6 VALLEY MT 0 0
MOUNTRAIL ND 6 5 WIBAUX MT 0 0
DIVIDE ND 2 2 BILLINGS ND 0 0
BURKE ND 0 1 BOTTINEAU ND 0 0
RENVILLE ND 1 1 GOLDEN VALLEY ND 0 0
STARK ND 1 1 MCLEAN ND 0 0
DANIELS MT 0 0 MERCER 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

Congress Ends Oil Export Ban

Williston Votes to Evict Man Camps

ConocoPhillips To Hold Steady 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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Happy New Year! http://bakkenshale.com/news/happy-new-year-2/ http://bakkenshale.com/news/happy-new-year-2/#respond Fri, 01 Jan 2016 08:05:45 +0000 http://bakkenshale.com/?p=7872 Wishing you a Happy, Healthy & Prosperous 2016

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As the premiere site for information about the Bakken Shale, we are always on the lookout for great stories and news. If you have something that would benefit our audience in the new year, please contact us to submit a story or schedule an interview.

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Bakken Shale Ends the Year with 52 rigs http://bakkenshale.com/drilling-rig-count/bakken-shale-ends-the-year-with-52-rigs/ http://bakkenshale.com/drilling-rig-count/bakken-shale-ends-the-year-with-52-rigs/#respond Thu, 31 Dec 2015 19:30:49 +0000 http://bakkenshale.com/?p=7871 akken Rigs

Bakken Rig Count Falls

Due to the holiday, we are releasing the weekly rig count post early.

The Bakken-Three Forks rig count fell by three this week landing at 54 rigs running across our coverage area by midday Thursday.

A total of 698 oil and gas rigs were running across the United States this week. 162 were targeting natural gas (same as the previous week) and 536 were targeting oil in the U.S. (two less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 52 are in ND alone.

Bakken Oil & Gas Rigs

The Bakken oil rigs were at 52 this week with Bloomberg reporting WTI oil prices trading at $37.47 on Friday afternoon. WTI-Brent increased $.42 landing at $37.73 The Bakken has zero natural active gas rig in the area this week with futures increasing to $2.33/mmbtu by midday.

McKenzie County continues to lead development with 23 rigs running this week, far outpacing other counties. View the full list below under the Bakken Drilling by County section.

Activity continues to be dominated by horizontal drilling:

  • 50 rigs are drilling horizontal wells
  • 2 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 Last Week This Week County State Last Week This Week
MCKENZIE ND 25 23 SHERIDAN MT 0 0
DUNN ND 11 12 VALLEY MT 0 0
MOUNTRAIL ND 7 6 WIBAUX MT 0 0
DIVIDE ND 2 2 BILLINGS ND 0 0
RENVILLE ND 1 1 BOTTINEAU ND 0 0
STARK ND 1 1 BURKE ND 0 0
DANIELS MT 0 0 GOLDEN VALLEY ND 0 0
DAWSON MT 0 0 MCLEAN ND 0 0
FALLON MT 0 0 MERCER ND 0 0
RICHLAND MT 0 0 WARD ND 0 0
ROOSEVELT MT 0 0 WILLIAMS ND 0 0
MCHENRY ND 0 0

Bakken Oil & Gas News

Congress Ends Oil Export Ban

Williston Votes to Evict Man Camps

ConocoPhillips To Hold Steady 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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Merry Christmas! http://bakkenshale.com/news/merry-christmas-3/ http://bakkenshale.com/news/merry-christmas-3/#respond Thu, 24 Dec 2015 13:14:06 +0000 http://bakkenshale.com/?p=7866 merry christmas

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Bakken Rig Count Falls Three http://bakkenshale.com/drilling-rig-count/bakken-rig-count-falls-three/ http://bakkenshale.com/drilling-rig-count/bakken-rig-count-falls-three/#respond Wed, 23 Dec 2015 21:59:26 +0000 http://bakkenshale.com/?p=7860 akken Rigs

Bakken Rig Count Falls

Due to the holiday, we are releasing the weekly rig count post early.

The Bakken-Three Forks rig count fell by three this week landing at 54 rigs running across our coverage area by midday Wednesday.

In recent Bakken news, Tesoro Corporation announced that it will grow its midstream operations to provide more efficient, flexible and cost-effective integrated logistics services to customers in the Bakken region. They will acquire Great Northern Midstream LLC

Read more: Tesoro Buys Bakken Assets

A total of 700 oil and gas rigs were running across the United States this week.162 were targeting natural gas (nine less than the previous week) and 538 were targeting oil in the U.S. (three less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 54 are in ND alone.

Bakken Oil & Gas Rigs

The Bakken oil rigs were at 54 this week with Bloomberg reporting WTI oil prices trading at $37.50 on Friday afternoon. WTI-Brent increased $.43 landing at $37.31 The Bakken has zero natural active gas rig in the area this week with futures increasing to $1.95/mmbtu by midday.

McKenzie County continues to lead development with 25 rigs running this week, far outpacing other counties. View the full list below under the Bakken Drilling by County section.

Activity continues to be dominated by horizontal drilling:

  • 52 rigs are drilling horizontal wells
  • 2 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 Last Week This Week County State Last Week This Week
MCKENZIE ND 26 25 ROOSEVELT MT 0 0
DUNN ND 11 11 SHERIDAN MT 0 0
MOUNTRAIL ND 8 7 VALLEY MT 0 0
WILLIAMS ND 9 7 WIBAUX MT 0 0
DIVIDE MT 2 2 BURKE ND 0 0
RENVILLE ND 0 1 GOLDEN VALLEY ND 0 0
STARK ND 1 1 MCLEAN ND 0 0
DANIELS MT 0 0 MERCER ND 0 0
DAWSON MT 0 0 WARD ND 0 0
FALLON MT 0 0 MCHENRY ND 0 0
RICHLAND MT 0 0 0 0

Bakken Oil & Gas News

Congress Ends Oil Export Ban

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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Tesoro Buys Bakken Midstream Assets http://bakkenshale.com/news/tesoro-buys-bakken-midstream-assets/ http://bakkenshale.com/news/tesoro-buys-bakken-midstream-assets/#respond Tue, 22 Dec 2015 21:44:52 +0000 http://bakkenshale.com/?p=7857 Tesoro Gains Bakken Midstream Assets

Tesoro Gains Bakken Midstream Assets

Tesoro increases its presence in the Bakken with the purchase of strategic midstream assets.

Related: Tesoro Buys QEP’s Bakken Pipeline Assets – $2.5 Billion

Tesoro Corporation announced earlier this month that it will grow its midstream operations to provide more efficient, flexible and cost-effective integrated logistics services to customers in the Bakken region. They will acquire Great Northern Midstream LLC and will gain pipelines, gathering systems, transportation, storage and rail loading facilities in the Williston Basin of North Dakota.

Greg Goff, Chairman, President and Chief Executive Officer of Tesoro Corporation commented that, “Combining the Great Northern Midstream assets with our Tesoro High Plains Pipeline will create a leading crude oil pipeline system in the most prolific region of the Bakken.”

The transaction includes the 97-mile BakkenLink crude oil pipeline, a proprietary 28-mile gathering system and a 154,000 barrel per day rail loading and a 657,000 barrel storage facility in Fryburg, North Dakota.

In late 2014, Tesoro purchases QEP Resources Inc.’s natural gas pipeline and processing business, QEP Field Services, which brought with it 2,000 miles of natural gas and crude oil gathering and transmission pipeline, with locations in North Dakota’s Bakken Shale and the Rocky Mountain region. The assets have have a combined 2.9 billion cf/d of natural gas and 54,000 b/d of crude oil throughput capacity.

The terms of the Great Northern deal are not public, but Tesoro said the acquisition price represents five to six times Tesoro-estimated future EBITDA for the Great Northern Midstream business. The transaction is expected to close early in 2016.

Read more at tesorologistics.com

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Bakken Rig Count Remains Steady http://bakkenshale.com/drilling-rig-count/bakken-rig-count-remains-steady-3/ http://bakkenshale.com/drilling-rig-count/bakken-rig-count-remains-steady-3/#respond Sun, 20 Dec 2015 17:13:38 +0000 http://bakkenshale.com/?p=7855 akken Rigs

Bakken Rig Count Falls

The Bakken-Three Forks rig count remained steady at 57 rigs running across our coverage area by end of the week on Friday.

In recent Bakken news, ConocoPhillips announced its 2016 budget last week, revealing they will continue to operate four drilling rigs in the Bakken next year.

Read more:ConocoPhillips in the Bakken

A total of 709 oil and gas rigs were running across the United States this week.168 were targeting natural gas (17 less than the previous week) and 541 were targeting oil in the U.S. (17 less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 57 are in ND alone.

Bakken Oil & Gas Rigs

The Bakken oil rigs were at 57 this week with Bloomberg reporting WTI oil prices trading at $34.55 on Friday afternoon. WTI-Brent decreased $1.05 landing at $36.88 The Bakken has zero natural active gas rig in the area this week with futures decreasing to $1.77/mmbtu by midday.

McKenzie County continues to lead development with 26 rigs running this week, far outpacing other counties. View the full list below under the Bakken Drilling by County section.

Activity continues to be dominated by horizontal drilling:

  • 55 rigs are drilling horizontal wells
  • 2 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 Last Week This Week County State Last Week This Week
MCKENZIE ND 27 26 VALLEY MT 0 0
DUNN ND 11 11 WIBAUX MT 0 0
WILLIAMS ND 9 9 BILLINGS ND 0 0
MOUNTRAIL ND 8 8 BOTTINEAU ND 0 0
DIVIDE ND 3 2 BURKE ND 0 0
STARK ND 1 1 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 WARD ND 0 0
ROOSEVELT MT 0 0 MCHENRY ND 0 0
SHERIDAN MT 0 0

Bakken Oil & Gas News

U.S. Crude Below $40

Public Land Royalties Drop in 2015

Bernie Sanders Rails on Fossil Fuel Industry

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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ConocoPhillips To Hold Steady in Bakken http://bakkenshale.com/news/conocophillips-to-hold-steady-in-bakken/ http://bakkenshale.com/news/conocophillips-to-hold-steady-in-bakken/#respond Wed, 16 Dec 2015 02:45:28 +0000 http://bakkenshale.com/?p=7849 ConocoPhillips Announces 2016 Spending

ConocoPhillips Announces 2016 Spending

ConocoPhillips revealed 2016 plans for the Bakken in the midst of huge spending cuts.

Related: ConocoPhillips Refuses to Pay Mineral Owners

ConocoPhillips announced its 2016 budget last week, revealing they will continue to operate four drilling rigs in the Bakken next year. The $2.6 billion earmarked for the lower 48 operations is nearly 30% less than it had previously planned for earlier this year. The company says the funding reductions come mainly from lower major project spending, deflation capture and efficiency improvements.

Chairman and Chief Executive Officer Ryan Lance said that overall production by the company in 2016 will grow by one to three percent and added, “We’re setting an operating plan for 2016 that recognizes the current environment, which remains challenging. We are significantly reducing capital and operating costs, while maintaining our commitment to safety and asset integrity.

Other Highlights

  • Total 2016 capital budget is $7.7 billion
  • Capital spending will focus predominantly on the unconventional plays including six rigs in the Eagle Ford, four in the Bakken and three in the Permian Basin.
  • Operational efficiencies have the company confident in the low oil price environment.
  • In the past year, drill rig spud-to-total depth times have decreased by 25 percent in both the Bakken and Eagle Ford.
  • Third quarter production was 551 thousand barrels of oil equivalent per day (MBOED), an increase of 8 MBOED compared with the same period in 2014.
  • The Eagle Ford and Bakken collectively delivered 234 MBOED for the quarter, a 10 percent increase compared with the third quarter of 2014.
  • Lower 48 crude production grew 12 percent year over year.

 

Read more at conocophillips.com

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Bakken Rigs Decline to 57 http://bakkenshale.com/drilling-rig-count/bakken-rigs-decline-to-57/ http://bakkenshale.com/drilling-rig-count/bakken-rigs-decline-to-57/#respond Sat, 12 Dec 2015 17:19:23 +0000 http://bakkenshale.com/?p=7824 akken Rigs

Bakken Rig Count Falls

The Bakken-Three Forks rig count fell this week to 57 rigs running across our coverage area by end of the week on Friday.

In recent Bakken news, the region’s man-camps are fighting for their existence after Williston City voted to let them die.

Read more: Williston Votes to Evict Man Camps

A total of 709 oil and gas rigs were running across the United States this week. 183 were targeting natural gas (nine less than the previous week) and 524 were targeting oil in the U.S. (21 less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 57 are in ND alone.

Bakken Oil & Gas Rigs

The Bakken oil rigs were at 57 this week with Bloomberg reporting WTI oil prices trading at $35.62 on Friday afternoon. WTI-Brent decreased $5.07 landing at $37.93 The Bakken has zero natural active gas rig in the area this week with futures decreasing to $1.99/mmbtu by midday.

McKenzie County continues to lead development with 26 rigs running this week, far outpacing other counties. View the full list below under the Bakken Drilling by County section.

Activity continues to be dominated by horizontal drilling:

  • 55 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 Last Week This Week County State Last Week This Week
MCKENZIE ND 27 26 VALLEY MT 0 0
DUNN ND 11 11 WIBAUX MT 0 0
WILLIAMS ND 9 9 BILLINGS ND 0 0
MOUNTRAIL ND 8 8 BOTTINEAU ND 0 0
DIVIDE ND 3 2 BURKE ND 0 0
STARK ND 1 1 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 WARD ND 0 0
ROOSEVELT MT 0 0 MCHENRY ND 0 0
SHERIDAN MT 0 0

Bakken Oil & Gas News

U.S. Crude Below $40

Public Land Royalties Drop in 2015

Bernie Sanders Rails on Fossil Fuel Industry

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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Williston Votes to Evict Man Camps http://bakkenshale.com/news/williston-votes-to-evict-man-camps/ http://bakkenshale.com/news/williston-votes-to-evict-man-camps/#respond Tue, 08 Dec 2015 15:00:00 +0000 http://bakkenshale.com/?p=7807 Temporary Housing in Bakken

Temporary Housing in Bakken

Bakken ‘man-camps’ are fighting for their existence after Williston City voted to let them die.

Related: Will Bakken Man Camps Disappear?

Man camps provide temporary employee housing to oilfield workers and have been a prominent feature dotting the landscape since the oil boom brought an influx of people to the Bakken region. But many have emptied in recent months due to the downturn and at least one local government wants to ban them altogether.

Last month, the Williston City Commission approved of an ordinance that would deny man-camps occupancy permit extensions beyond July 2016. This marks the first time that a community has evicted a man camp, though other communities in Texas and North Dakota have blocked their arrival or expansion.

Williston leaders want oilfield workers to plant permanent roots or use existing hotels when they must stay for extended periods. They say that there is already plenty of housing in the city.

Williston mayor Howard Klug told Reuters that“The man camp industry should understand we allowed them to come here on a temporary basis.” 

As expected, providers of temporary housing have pushed back against the ordinance, warning that this will mean layoffs for up to 200 workers and a loss of revenue and donations for the community. They also are afraid that this might set a precedence for other communities who are considering pushing out man-camps.

The November 24th meeting was expected to be a non-event, but the an official 11th-hour protest to the ordinance caused a disruption in the proceedings. The ordinance passed by a 3-2 vote, but the mayor promised that the the city will be working on an amendment that might may include allowing some of the city’s crew camps to remain open.

 

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