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.