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
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.