Bakken Rig Count Drops by One

akken Rigs
akken Rigs

The Bakken-Three Forks rig count fell by one this week with 62 rigs running across our coverage area by end of the week on Friday.

In recent Bakken news, a well owned by Oasis Petroleum blew last week leaking more than 67,000 gallons of oil and causing law enforcement to close several roads.

Read more:North Dakota Well Under Control

A total of 775 oil and gas rigs were running across the United States this week. 197 were targeting natural gas (four more than the previous week) and 578were targeting oil in the U.S. (16 less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.)62are in ND alone.

Bakken Oil & Gas Rigs

The Bakken oil rigs were at 62 this week with Bloomberg reporting WTI oil prices trading at $46.35/bbl on Friday afternoon. WTI-Brent increased $1.41landing at $49.40. The Bakken has zero natural active gas rig in the area this week with futures increasing slightly to $2.33/mmbtu by midday.

McKenzie County continues to lead development with 26 rigs running this week, far outpacing other counties. View the full list below under the Bakken Drilling by County section.

Activity continues to be dominated by horizontal drilling:

  • 58 rigs are drilling horizontal wells
  • 3 rigs are drilling directional wells
  • 1 rigs are drilling vertical wells

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 Drilling by County

 

Bakken Oil & Gas News

Natural Gas Plants Face New Reporting Rules

Energy Giants Announce More Layoffs

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.

Read more at bakerhughes.com