Bakken Shale Rig Count Slips to 48

Bakken Shale Rig Count

The Bakken-Three Forks rig count slipped this week, with Baker Hughes reporting 48 rigs running through our coverage area by Friday midday.

Own mineral rights in the Bakken? Join the discussion here. 

A total of 981 oil and gas rigs were running across the United States this week. 181 rigs were targeting natural gas (+2) and 800 were targeting oil (+1) in the U.S. The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.)  47 of the rigs active in the U.S. were running in N.D.

Bakken Oil & Gas Rigs

48 rigs targeted oil in the Bakken this week with Bloomberg reporting WTI at $61.25 on Friday afternoon. The Bakken has zero natural active gas rig in the area this week with commodity futures trading at $2.70/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:

  • 48 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

 

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: More of the Same

Bakken Shale RIg Count

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

This week's activity represents more of the same, as the rig count for the region has hovered in the high 40's for months. 

The rig count rose significantly in early 2017, but operators have struggled to bring more rigs back online after hitting a high of 54 in August. 

Own mineral rights in the Bakken? Join the discussion here. 

A total of 975 oil and gas rigs were running across the United States this week. 177 rigs were targeting natural gas (-7) and 798 were targeting oil (+7) in the U.S. The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 48 of the rigs active in the U.S. were running in N.D.

Bakken Oil & Gas Rigs

49 rigs targeted oil in the Bakken this week with Bloomberg reporting WTI at $61.68 on Friday afternoon. The Bakken has zero natural active gas rig in the area this week with commodity futures trading at $2.56/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:

  • 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

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 Hits 50

Bakken Shale Rig Count

Amidst falling commodity prices, the Bakken-Three Forks rig count gained ground this week. Baker Hughes reported 50 rigs running through our coverage area by Friday midday.

Own mineral rights in the Bakken? Join the discussion here. 

A total of 975 oil and gas rigs were running across the United States this week. 184 rigs were targeting natural gas (+3) and 791 were targeting oil (+26) in the U.S. 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 N.D.

Bakken Oil & Gas Rigs

50 rigs targeted oil in the Bakken this week with Bloomberg reporting WTI oil prices falling to $59.20 on Friday afternoon. The Bakken has zero natural active gas rig in the area this week with commodity futures trading at $2.59/mmbtu by midday.

McKenzie County leads activity in the region with 24 rigs running this week. View the full list below under the Bakken Drilling by County section.

Activity continues to be dominated by horizontal drilling:

  • 50 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

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 Moves to 46

Bakken Shale Rig Count

The Bakken-Three Forks rig count gained this week, with Baker Hughes reporting 46 rigs running through our coverage area by Friday midday.

In recent industry news, the Department of Energy plans to spend $8 million for a new testing facility to uncover new solutions for unconventional oil and gas recovery. 

Eagle Ford Laboratory Will Test New Drilling Solutions

A total of 946 oil and gas rigs were running across the United States this week. 181 rigs were targeting natural gas (-7) and 765 were targeting oil (+6) in the U.S. The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.)    45 of the rigs active in the U.S. were running in N.D.

Bakken Oil & Gas Rigs

46 rigs targeted oil in the Bakken this week with Bloomberg reporting WTI oil prices at $65.45 on Friday afternoon. The Bakken has zero natural active gas rig in the area this week with commodity futures trading at $2.85/mmbtu by midday.

McKenzie County leads activity in the region with 20 rigs running this week. View the full list below under the Bakken Drilling by County section.

Activity continues to be dominated by horizontal drilling:

  • 46 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

Own mineral rights in the Bakken? Join the discussion here. 

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 Stable as Oil and Gas Prices Surge

Bakken Shale Rig Count

The Bakken-Three Forks rig count was unchanged this week, with Baker Hughes reporting 45 rigs running through our coverage area by Friday midday.

In recent industry news, oil and gas prices are continuing to rise and crude oil production set another high this week.

  • Crude Oil: $66.24 (+$2.87)
  • Natural Gas: $3.57 (+$.38)
  • Crude Production: 9.878 million bpd (up from 9.750 million bpd)

Own mineral rights in the Bakken? Join the discussion here. 

A total of 947 oil and gas rigs were running across the United States this week. 188 rigs were targeting natural gas (-1) and 759 were targeting oil (+12) in the U.S. The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.)  44 of the rigs active in the U.S. were running in N.D.

Bakken Oil & Gas Rigs

45 rigs targeted oil in the Bakken this week with Bloomberg reporting WTI oil prices at $66.24 on Friday afternoon. The Bakken has zero natural active gas rig in the area this week with commodity futures trading at $3.57/mmbtu by midday.

McKenzie County leads activity 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:

  • 45 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.