North Dakota Rig Count Sets Record at 204 - November 2011

The North Dakota rig count reached an all time record on November 19, 2011, when the ND Oil & Gas Division announced there were 204 active rigs working in the state. The overwhelming majority of rigs are targeting the Bakken and Three Forks formations. With oil prices holding strong and gas prices dropping through the fall, I expect we'll potentially shoot through this record when a few gas directed rigs head our way.