Bakken Shale Ends the Year with 52 rigs

akken Rigs
akken Rigs

Due to the holiday, we are releasing the weekly rig count post early.

The Bakken-Three Forks rig count fell by three this week landing at 54 rigs running across our coverage area by midday Thursday.

A total of 698 oil and gas rigs were running across the United States this week. 162 were targeting natural gas (same as the previous week) and 536 were targeting oil in the U.S. (two less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 52are in ND alone.

Bakken Oil & Gas Rigs

The Bakken oil rigs were at 52 this week with Bloomberg reporting WTI oil prices trading at $37.47 on Friday afternoon. WTI-Brent increased $.42landing at $37.73 The Bakken has zero natural active gas rig in the area this week with futures increasing to $2.33/mmbtu by midday.

McKenzie County continues to lead development with 23 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:

  • 50 rigs are drilling horizontal wells
  • 2 rigs are drilling directional wells
  • 0 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

Congress Ends Oil Export Ban

Williston Votes to Evict Man Camps

ConocoPhillips To Hold Steady in Bakken

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

Bakken Rig Count Falls Three

akken Rigs
akken Rigs

Due to the holiday, we are releasing the weekly rig count post early.

The Bakken-Three Forks rig count fell by three this week landing at 54 rigs running across our coverage area by midday Wednesday.

In recent Bakken news, Tesoro Corporation announced that it will grow its midstream operations to provide more efficient, flexible and cost-effective integrated logistics services to customers in the Bakken region. They will acquire Great Northern Midstream LLC

Read more: Tesoro Buys Bakken Assets

A total of 700 oil and gas rigs were running across the United States this week.162 were targeting natural gas (nine less than the previous week) and 538 were targeting oil in the U.S. (three less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 54are in ND alone.

Bakken Oil & Gas Rigs

The Bakken oil rigs were at 54 this week with Bloomberg reporting WTI oil prices trading at $37.50 on Friday afternoon. WTI-Brent increased $.43landing at $37.31 The Bakken has zero natural active gas rig in the area this week with futures increasing to $1.95/mmbtu by midday.

McKenzie County continues to lead development with 25 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:

  • 52 rigs are drilling horizontal wells
  • 2 rigs are drilling directional wells
  • 0 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

 

Congress Ends Oil Export Ban

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

Bakken Rigs Decline to 57

akken Rigs
akken Rigs

The Bakken-Three Forks rig count fell this week to 57 rigs running across our coverage area by end of the week on Friday.

In recent Bakken news, the region's man-camps are fighting for their existence after Williston City voted to let them die.

Read more: Williston Votes to Evict Man Camps

A total of 709 oil and gas rigs were running across the United States this week. 183 were targeting natural gas (nine less than the previous week) and 524 were targeting oil in the U.S. (21 less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 57are in ND alone.

Bakken Oil & Gas Rigs

The Bakken oil rigs were at 57 this week with Bloomberg reporting WTI oil prices trading at $35.62 on Friday afternoon. WTI-Brent decreased $5.07landing at $37.93 The Bakken has zero natural active gas rig in the area this week with futures decreasing to $1.99/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:

  • 55 rigs are drilling horizontal wells
  • 1 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

U.S. Crude Below $40

Public Land Royalties Drop in 2015

Bernie Sanders Rails on Fossil Fuel Industry

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

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

U.S. Rig Fall by 29

akken Rigs
akken Rigs

The Bakken-Three Forks rig count dropped to 65 rigs running across our coverage area by end of the week on Friday.

In recent Bakken news, low oil prices and fewer drilling rigs are being blamed for a drop in North Dakota’s general revenues that fell to $41.7 million during July and August. House Majority Leader Al Carlson framed it as a “real wake-up call.”

Read more:N.D. Revenues Drop $41.7 million

The U.S. rig count plunged by 29 this week, ending with 809 rigs running by midday Friday.  A total of 195 rigs were targeting natural gas (one more than the previous week) and 614 were targeting oil in the U.S. (26 less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 65are in ND alone.

Bakken Oil & Gas Rigs

The Bakken oil rigs were at 65 this week with Bloomberg reporting WTI oil prices trading at $45.66/bbl on Friday afternoon. WTI-Brent decreased $.35 landing to $48.25. The Bakken has zero natural active gas rig in the area this week with futures decreasing slightly to $2.47/mmbtu by midday.

McKenzie County continues to lead development with 25 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:

  • 62 rigs are drilling horizontal wells
  • 1 rigs are drilling directional wells
  • 2 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

Energy Transfer Equity Gains Williams Companies, Inc.

Pope Francis Challenges U.S. on Climate Change

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