Bakken Shale Region Loses More Drilling Rigs

EAGLE FORD SHALE

The Bakken-Three Forks rig count declined this week with Baker Hughes reporting 49 rigs running through our coverage area by Friday midday.

A total of 935 oil and gas rigs were running across the United States this week, one less than last week. 190 rigs targeted natural gas (+ four) and 744 were targeting oil in the U.S. (- five). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 49 of the rigs active in the U.S. were running in North Dakota.

Bakken Oil & Gas Rigs

49 rigs targeted oil in the Bakken this week with Bloomberg reporting WTI oil prices at $50.66 on Friday afternoon. The Bakken has zero natural active gas rig in the area this week with futures trading at $2.96/mmbtu by midday.

McKenzie County leads activity in the region with 22 rigs running this week. View the full list below under the Bakken Drilling by County section.

Activity continues to be dominated by horizontal drilling:

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

Rig Count by County

Bakken Shale Rig Count.png

 

Bakken Shale 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.

Rig Count for Bakken-Three Forks and U.S. Dropping

Bakken Shale Rig Count

The Bakken-Three Forks rig count fell back this week, with Baker Hughes reporting 52 rigs running through our coverage area by Friday midday.

In recent Bakken Shale news, RimRock Oil and Gas gains a foothold in the Bakken with purchase of Williston assets from Whiting.

Whiting Sells Bakken Assets for $500 Million

A total of 944 oil and gas rigs were running across the United States this week, four more over last two weeks. 187 rigs targeted natural gas ( an increase of seven) and 756 were targeting oil in the U.S. (decreased by three). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 52 of the rigs active in the U.S. were running in North Dakota.

Bakken Oil & Gas Rigs

52 rigs targeted oil in the Bakken this week with Bloomberg reporting WTI oil prices at $49.61 on Friday afternoon. The Bakken has zero natural active gas rig in the area this week with futures trading at $3.08/mmbtu by midday.

McKenzie County leads activity in the region with 22 rigs running this week. View the full list below under the Bakken Drilling by County section.

Activity continues to be dominated by horizontal drilling:

  • 51 rigs are drilling horizontal wells
  • 1 rigs are drilling directional wells
  • 0 rigs are drilling vertical wells

Rig Count by County

Bakken Shale Rig Count by County

Bakken Shale 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.

Bakken Shale Rig Count Increases to 53

Bakken Shale Rig Count

The Bakken-Three Forks rig count saw an increase this week this week, with Baker Hughes reporting 53 rigs running through our coverage area by Friday midday.

A total of 944 oil and gas rigs were running across the United States this week, four more over last two weeks. 187 rigs targeted natural gas ( an increase of seven) and 756 were targeting oil in the U.S. (decreased by three). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 53 of the rigs active in the U.S. were running in North Dakota.

Bakken Oil & Gas Rigs

53 rigs targetted oil in the Bakken this week with Bloomberg reporting WTI oil prices at $47.48 on Friday afternoon. The Bakken has zero natural active gas rig in the area this week with futures trading at $2.89/mmbtu by midday.

McKenzie County leads activity in the region with 23 rigs running this week. 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
  • 1 rigs are drilling directional wells
  • 0 rigs are drilling vertical wells

Rig Count by County

Bakken Shale Rig Count by County

Bakken Shale 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.

Bakken Shale Rig Count at 52; U.S. Total Shrinks

Bakken Shale Rig Count

The Bakken-Three Forks rig count inched up this week, with Baker Hughes reporting 52 rigs running through our coverage area by Friday midday.

A total of 940 oil and gas rigs were running across the United States this week, six less than last week. 180 rigs targeted natural gas (two less than the previous week) and 759 were targeting oil in the U.S. (four less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 52 of the rigs active in the U.S. were running in North Dakota.

Bakken Oil & Gas Rigs

52 rigs targetted oil in the Bakken this week with Bloomberg reporting WTI oil prices at $47.87 on Friday afternoon. The Bakken has zero natural active gas rig in the area this week with futures trading at $2.89/mmbtu by midday.

McKenzie County leads activity in the region with 23 rigs running this week. View the full list below under the Bakken Drilling by County section.

Activity continues to be dominated by horizontal drilling:

  • 51 rigs are drilling horizontal wells
  • 1 rigs are drilling directional wells
  • 0 rigs are drilling vertical wells

Rig Count by County

Bakken Shale Rig Count by County

Bakken Shale 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.

Bakken Shale Rig Count Drops to 51

Bakken Shale Rig Count

The Bakken-Three Forks rig count dropped by two, with Baker Hughes reporting 51 rigs running through our coverage area by Friday midday.

A total of 946 oil and gas rigs were running across the United States this week, three less than last week. 182 rigs targeted natural gas (one more than the previous week) and 763 were targeting oil in the U.S. (five less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.)   51 of the rigs active in the U.S. were running in North Dakota.

Bakken Oil & Gas Rigs

51 rigs targetted oil in the Bakke this week with Bloomberg reporting WTI oil prices at $48.82 on Friday afternoon. The Bakken has zero natural active gas rig in the area this week with futures trading at $2.89/mmbtu by midday.

McKenzie County leads activity in the region with 22 rigs running this week. View the full list below under the Bakken Drilling by County section.

Activity continues to be dominated by horizontal drilling:

  • 49 rigs are drilling horizontal wells
  • 2 rigs are drilling directional wells
  • 0 rigs are drilling vertical wells

Rig Count by County

Bakken Shale Rig Count by County

Bakken Shale 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.