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 Drops to 91

Crude by Rail Skyrockets

Crude by Rail Skyrockets

The Bakken-Three Forks rig count dropped by six at 91 rigs running across our coverage area by midday Thursday.

In recent Bakken news, the Energy Information Administration (EIA) released the latest data for crude by rail  (CBR) across the country that shows a significant increase over the last five years. Crude by rail continues to be highly controversial as people question the safety for individuals and the environment.

Read more: Crude by Rail Up 1700%

The U.S. rig count fell another 20 to 1028 rigs running as of today. A total of 211 rigs were targeting natural gas (down 11 from the previous week) and 812 were targeting oil in the U.S. (1 less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 91 rigs are running in the Williston Basin across MT, ND, and SD. 90 are in ND alone.

Bakken Oil & Gas Rigs

The number of oil rigs dropped to 91 rigs as of by midday Thursday.  WTI oil prices decreased $.91 from the previous week, trading at $49.14/bbl on Friday afternoon. The WTI-Brent saw an increase of $2.75 by week’s end, landing at $54.95. There are currently no natural active gas rigs in the area and futures are trading at $2.71/mmbtu by midday.

McKenzie County continues to lead development but dropped to 40 running rigs this week. 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:

  • 91 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 41 40 WIBAUX MT 0 0
WILLIAMS ND 19 18 BILLINGS ND 0 0
MOUNTRAIL ND 18 17 BOTTINEAU ND 0 0
DUNN ND 13 11 BURKE ND 0 0
DIVIDE ND 4 4 GOLDEN VALLEY ND 1 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

Methane Emissions Drop

Oil Export Ban May Hurt Economy

Excellence Awards Honor Continental & Whiting

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 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


Whiting to Reduce Bakken Rig Count

Record Production no Match for Low Crude
Whiting Bakken Acreage Map

Whiting Bakken Acreage Map | Click to Enlarge

In its fourth quarter earning report, Whiting Petroleum announced a record 2014 and revealed a 2015 spending plan that includes reducing Bakken rig count.

In spite of low crude prices, Whiting ended the year with a Q4 profit of $58 million with cash flows totalling $419 million. Oil production was at record numbers for both the quarter (up 13%) and the entire year, which averaged 41.8 MMBOE and was up 22% over 2013.

Related: Whiting Bakken Production Hits Record Levels in Second Quarter

In July of 2014, Whiting Petroleum announced plans to acquire Kodiak Oil & Gas for $3.8 billion. The deal made the combined company the largest Bakken/Three Forks producer, unseating Harold Hamm’s Continental Resources from the top spot.

Read more: Whiting Petroleum Acquires Kodiak Oil & Gas – $3.8 Billion

James J. Volker, Whiting’s Chairman, President and CEO, commented, “2014 was a strong year for Whiting. We set records in production, proved reserves and discretionary cash flow. In the wake of our acquisition of Kodiak Oil & Gas, we became the largest Bakken/Three Forks producer in the Williston Basin.Our 2015 capital budget of $2.0 billion reflects a disciplined approach to maintaining our financial strength while preserving our long-term growth plans.”

2015 Spending Plan

Looking to the new year, Whiting plans for the following:

  • Reduce its capital budget to $2 billion
  • $1.8 billion of the 2015 capital budget will go towards exploration and development activity
  • $59 million is allocated for land and $123 million for facilities
  • Production forecast of 59.0 MMBOE, an increase of 42% over 2014
  • Reducing Bakken rig count from 16 to 10
  • Completed well cost in the Bakken will average $7 million, down from $8.5 million in 2014

Read the full report at whiting.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

 


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