U.S. Rig Count Makes Big Gains, Bakken Shale Dips

The Bakken-Three Forks rig count fell back this week, with Baker Hughes reporting 36 rigs running across our coverage area by midday Friday.

In recent Bakken news, North Dakota legislators voted in favor of House Bill 1151, which eliminates a reporting requirement for oil spills under 10 barrels. The 82-11 vote was a clear victory for companies who say the measure will save them time and money. 

Read more: North Dakota Bill Eliminates Oil Spill Reporting

A total of 740 oil and gas rigs were running across the United States this week, a gain of 12 over last week. 149 rigs targeted natural gas (4 more than the previous week) and 591 were targeting oil in the U.S. (eight 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 36 this week with Bloomberg reporting WTI oil prices dipping to $53.40 on Friday afternoon. Prices for WTI-Brent also dropped per barrel to $55.81. The Bakken has zero natural active gas rig in the area this week with futures trading at $2.83/mmbtu by midday.

McKenzie County leads production in the region with 18 rigs running this week. View the full list below under the Bakken Drilling by County section.

Activity continues to be dominated by horizontal drilling:

  • 36 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.

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 Stalls at 37

Bakken Shale Rig Count Stalls

Bakken Shale Rig Count Stalls

The Bakken-Three Forks rig count has stalled for the past three weeks, with Baker Hughes reporting 37 rigs running across our coverage area by midday Friday.

A total of 740 oil and gas rigs were running across the United States this week, a gain of 12 over last week. 149 rigs targeted natural gas (4 more than the previous week) and 591 were targeting oil in the U.S. (eight more than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 36 of the rigs active in the U.S. were running in North Dakota.

Bakken Oil & Gas Rigs

Bakken oil rigs were at 37 this week with Bloomberg reporting WTI oil prices increasing to $53.86 on Friday afternoon. Prices for WTI-Brent dipped per barrel to $56.70. The Bakken has zero natural active gas rig in the area this week with futures trading at $3.03/mmbtu by midday.

McKenzie County leads production in the region with 17 rigs running this week. View the full list below under the Bakken Drilling by County section.

Activity continues to be dominated by horizontal drilling:

  • 36 rigs are drilling horizontal wells
  • 0 rigs are drilling directional wells
  • 1 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.

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 Isn't Keeping Up

The Bakken-Three Forks rig count remained flat this week, with Baker Hughes reporting 37 rigs running across our coverage area by midday Friday.

Rig counts across the country are slowly climbing as conditions in the oil and gas industry continues to improve. But the Bakken doesn't seem to be keeping up with the growth of other shale plays. The Eagle Ford Shale rig count is at 68 this week, a 50% increase in the last six months.

A total of 728 oil and gas rigs were running across the United States this week, a gain of 27 over last week. 145 rigs targeted natural gas (the same as the previous week) and 583 were targeting oil in the U.S. (27 more than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 36 of the rigs active in the U.S. were running in North Dakota.

Bakken Oil & Gas Rigs

Bakken oil rigs were at 37 this week with Bloomberg reporting WTI oil prices increasing to $53.80 on Friday afternoon. Prices for WTI-Brent also increased to per barrel of $56.75. The Bakken has zero natural active gas rig in the area this week with futures trading at $3.06/mmbtu by midday.

McKenzie County leads production in the region with 17 rigs running this week. View the full list below under the Bakken Drilling by County section.

Activity continues to be dominated by horizontal drilling:

  • 37 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 at 37

The Bakken-Three Forks rig count continued its climb this week, with Baker Hughes reporting 37 rigs running across our coverage area by midday Friday.

A total of 701 oil and gas rigs were running across the United States this week, an increase of eight over last week. 145 rigs targeted natural gas (three more than the previous week) and 555 were targeting oil in the U.S. (five more than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 36 of the rigs active in the U.S. were running in North Dakota.

Bakken Oil & Gas Rigs

Bakken oil rigs were at 37 this week with Bloomberg reporting WTI oil prices dipping to $53.17 on Friday afternoon. Prices for WTI-Brent increased to per barrel of $55.52. The Bakken has zero natural active gas rig in the area this week with futures trading at $3.39/mmbtu by midday.

McKenzie County leads production in the region with 16 rigs running this week. View the full list below under the Bakken Drilling by County section.

Activity continues to be dominated by horizontal drilling:

  • 37 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 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