The Bakken-Three Forks rig count gained by one this week with Baker Hughes reporting 28 rigs running across our coverage area by midday Friday.
A total of 510 oil and gas rigs were running across the United States this week, a decrease of 1 from last week of two. 92 rigs targeted natural gas (three more than the previous week) and 418 were targeting oil in the U.S. (two more than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 28 of the rigs active in the U.S. were running in North Dakota.
Bakken Oil & Gas Rigs
Bakken oil rigs were at 28 this week with Bloomberg reporting WTI oil prices gaining $1.45 to $44.48 on Friday afternoon. WTI-Brent was also up with Bloomberg reporting $45.89. The Bakken has zero natural active gas rig in the area this week with futures trading at $2.96/mmbtu by midday.
McKenzie County leads development with 10 rigs running this week. View the full list below under theBakken Drilling by County section.
Activity continues to be dominated by horizontal drilling:
- 27 rigs are drilling horizontal wells
- 1 rigs are drilling directional wells
- 0 rigs are drilling vertical wells