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