Bakken Shale Rig Count Inches Upward

Bakken Shale Rig Count

 Bakken-Three Forks rig count is inching up, with Baker Hughes reporting 54 rigs running through our coverage area by Friday midday.  

A total of 950 oil and gas rigs were running across the United States this week, two less than last week. 186 rigs targeted natural gas (one less than the previous week) and 764 were targeting oil in the U.S. (one less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 54 of the rigs active in the U.S. were running in North Dakota.

Bakken Oil & Gas Rigs

Bakken oil rigs were at 54 this week with Bloomberg reporting WTI oil prices at $45.778 on Friday afternoon. The Bakken has zero natural active gas rig in the area this week with futures trading at $2.97/mmbtu by midday.

McKenzie County leads production in the region with 21 rigs running this week. View the full list below under the Bakken Drilling by County section.

Activity continues to be dominated by horizontal drilling:

  • 53 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 Region Gains One Rig

Oil Rig

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

In recent shale news, Houston-based Halcón Resources will sell a significant part  ofits North Dakota operations in order shift focus to the Permian Basin.

Read more: Halcón Resources to sell Bakken Assets

A total of 952 oil and gas rigs were running across the United States this week, the same as last week. 187 rigs targeted natural gas (two less than the previous week) and 765 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.) 53 of the rigs active in the U.S. were running in North Dakota.

Bakken Oil & Gas Rigs

Bakken oil rigs were at 53 this week with Bloomberg reporting WTI oil prices at $46.68 on Friday afternoon. The Bakken has zero natural active gas rig in the area this week with futures trading at $2.98/mmbtu by midday.

McKenzie County leads production in the region with 21 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 Rig Count Stalls at 52

Oil Rigs

The Bakken-Three Forks rig count remains the same for the third week in a row this week, with Baker Hughes reporting 52 rigs running through our coverage area by Friday midday.  

In recent shale news, the University of Chicago’s Energy Policy Institute is reporting the economic benefits of fracking on local economies outweigh undesirable side effects.

Read more: Fracking Benefits Local Economies

A total of 952 oil and gas rigs were running across the United States this week, a decrease of one over last week. 189 rigs targeted natural gas (five more than the previous week) and763 were targeting oil in the U.S. (seven more 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

Bakken oil rigs were at 52 this week with Bloomberg reporting WTI oil prices at $44.23 on Friday afternoon. The Bakken has zero natural active gas rig in the area this week with futures trading at $2.86/mmbtu by midday.

McKenzie County leads production in the region with 21 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
  • 0 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

The Bakken-Three Forks rig count slowed 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, a decrease of one over last week. 184 rigs targeted natural gas (one more than the previous week) and 756 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 of the rigs active in the U.S. were running in North Dakota.

Bakken Oil & Gas Rigs

Bakken oil rigs were at 52 this week with Bloomberg reporting WTI oil prices at $46.04 on Friday afternoon. The Bakken has zero natural active gas rig in the area this week with futures trading at $3.04/mmbtu by midday.

McKenzie County leads production in the region with 21 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
  • 0 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 on the Rise!

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

A total of 941 oil and gas rigs were running across the United States this week, an increase of eight over last week. 183 rigs targeted natural gas (three less than the previous week) and 758 were targeting oil in the U.S. (11 more 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

Bakken oil rigs were at 52 this week with Bloomberg reporting WTI oil prices at $43.01 on Friday afternoon. The Bakken has zero natural active gas rig in the area this week with futures trading at $2.93/mmbtu by midday.

McKenzie County leads production in the region with 21 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

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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.