Bakken Shale Region Gains Rigs

The Bakken-Three Forks rig count gained three this week, with Baker Hughes reporting 35 rigs running across our coverage area by midday Friday.

In recent Bakken news, Hess Corporation has announced it will increase E&P spending for 2017, including adding more Bakken rigs. 

Read more: Hess Corp to Add Bakken Rigs

A total of 693 oil and gas rigs were running across the United States this week, 35 over last week. 142 rigs targeted natural gas (six more than the previous week) and 551 were targeting oil in the U.S. (29 more than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.)  35 of the rigs active in the U.S. were running in North Dakota.

Bakken Oil & Gas Rigs

Bakken oil rigs were at 35 this week with Bloomberg reporting WTI oil prices increasing slightly to $53.22 on Friday afternoon. Prices for WTI-Brent dipped per barrel to $55.49. The Bakken has zero natural active gas rig in the area this week with futures trading at $3.20/mmbtu by midday.

McKenzie County leads production in the region with 15 rigs running this week. View the full list below under the Bakken Drilling by County section.

Activity continues to be dominated by horizontal drilling:

  • 35 rigs are drilling horizontal wells
  • 0 rigs are drilling directional wells
  • 0 rigs are drilling vertical wells

Rig Count by County

 

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.

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 Rig Count Gains One

The Bakken-Three Forks rig count gained one this week, with Baker Hughes reporting 33 rigs running across our coverage area by midday Friday.

In recent Bakken news, E&P companies are moving forward with DUC reduction programs, according to the North Dakota Industrial Commission. 

Read more at : Bakken Operators Reduce DUCs

A total of 657 oil and gas rigs were running across the United States this week, a gain of five over last week. 132 rigs targeted natural gas (three more than the previous week) and 525 were targeting oil in the U.S. (two more than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 33 of the rigs active in the U.S. were running in North Dakota.

Bakken Oil & Gas Rigs

Bakken oil rigs were at 33 this week with Bloomberg reporting WTI oil prices gained slightly to $53.72 on Friday afternoon. Prices for WTI-Brent increased per barrel to $55.82. The Bakken has zero natural active gas rig in the area this week with futures trading at $3.72/mmbtu by midday.

McKenzie County leads production in the region with 15 rigs running this week. View the full list below under the Bakken Drilling by County section.

Activity continues to be dominated by horizontal drilling:

  • 33 rigs are drilling horizontal wells
  • 0 rigs are drilling directional wells
  • 0 rigs are drilling vertical wells

Rig Count by County

 

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.

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 Shale Rig Count Increases to 32

The Bakken-Three Forks rig count fell by one this week with Baker Hughes reporting 32 rigs running across our coverage area by midday Friday.

A total of 652 oil and gas rigs were running across the United States this week, a gain of 15 over last week. 129 rigs targeted natural gas (three more than the previous week) and 523 were targeting oil in the U.S. (13 more than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 32 of the rigs active in the U.S. were running in North Dakota.

Bakken Oil & Gas Rigs

Bakken oil rigs were at 32 this week with Bloomberg reporting WTI oil prices gained slightly to $53.02 on Friday afternoon. Prices for WTI-Brent dipped to a per barrel price of $55.16. The Bakken has zero natural active gas rig in the area this week with futures trading at $3.66/mmbtu by midday.

McKenzie County leads production in the region with 15 rigs running this week. View the full list below under the Bakken Drilling by County section.

Activity continues to be dominated by horizontal drilling:

  • 32 rigs are drilling horizontal wells
  • 0 rigs are drilling directional wells
  • 0 rigs are drilling vertical wells

Rig Count by County

 

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.

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