Bakken Rig Count Drops to 68

July 17, 2015 Elizabeth Alford

Bakken Rig Count Remains Steady — Bakken Rig Count Drops

The Bakken-Three Forks rig count decreased this week to 68 rigs running across our coverage area.

In recent Bakken news, U.S. District Court Judge Scott W. Skavdahl delayed the new federal fracking rule, which was to go into effect last week. The permitting of oil and gas wells on federal land will proceed under current regulations until July 22nd.

The U.S. rig count decreased by six, ending with 857 rigs running by midday Friday. A total of 218 rigs were targeting natural gas (one more than the previous week) and 638 were targeting oil in the U.S. (seven less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.)68 are in ND alone.

Bakken Oil & Gas Rigs

The Bakken oil rigs decreased to 68 rigs this week with Bloomberg reporting WTI oil prices trading at $50.85/bbl on Friday afternoon, a $1.89 decrease from the previous week. WTI-Brent decreased $1.62 landing to $57.11. The Bakken has zero natural active gas rig in the area this week with futures increasing to $2.88/mmbtu by midday.

McKenzie County continues to lead development and is running 27 running this week, while Williams dropped to 14 and Mountrail stayed flat at 12. View the full list below under the Bakken Drilling by County section.

Activity continues to be dominated by horizontal drilling:

68 rigs are drilling horizontal wells
0 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

Oil & Gas Bankruptcies Likely to Increase

U.S. Oil Production Has Peaked

Savage Services Cuts Jobs 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 Oil Rigs Dip Below 70

July 10, 2015 Elizabeth Alford

The Bakken-Three Forks rig count decreased this week to 70 rigs running across our coverage area.

In recent Bakken news, Montana’s Board of Oil and Gas Conservation is considering a proposal that will require buffers zones around homes to protect them from oil and gas drilling.

The U.S. rig count increased slightly, ending with 863 rigs running by midday Friday. A total of 217 rigs were targeting natural gas (two less than the previous week) and 645 were targeting oil in the U.S. (five more than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.)70 are in ND alone.

Bakken Oil & Gas Rigs

The Bakken oil rigs decreased to 69 rigs this week with Bloomberg reporting WTI oil prices trading at $52.74/bbl on Friday afternoon, a $3.98 decrease from the previous week. WTI-Brent decreased $3.12 landing to $58.73. The Bakken has zero natural active gas rig in the area this week with futures increasing to $2.77/mmbtu by midday.

McKenzie County continues to lead development and is running 29 running this week, while Williams dropped to 15 and Mountrail increased 12. View the full list below under the Bakken Drilling by County section.

Activity continues to be dominated by horizontal drilling:

69 rigs are drilling horizontal wells
0 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

North Dakota Fights Fracking Rule

WPX Plans to Increase Bakken Activity

What is the Rig Count?

Read more at bakerhughes.com

Bakken Rig Count Increases

July 3, 2015 Elizabeth Alford

The Bakken-Three Forks rig count increased this week to 76 rigs running across our coverage area.

In recent Bakken news, Montana’s Board of Oil and Gas Conservation is considering a proposal that will require buffers zones around homes to protect them from oil and gas drilling.

The U.S. rig count increased slightly, ending with 862 rigs running by midday Thursday. A total of 219 rigs were targeting natural gas (nine less than the previous week) and 640 were targeting oil in the U.S. (12 more than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.)76 are in ND alone.

Bakken Oil & Gas Rigs

The Bakken oil rigs increased to 75 rigs this week with Bloomberg reporting WTI oil prices trading at $56.72/bbl on Friday morning, a $2.91 decrease from the previous week. WTI-Brent decreased $1.41 landing to $61.85. The Bakken has zero natural active gas rig in the area this week with futures dropping to $2.71/mmbtu.

McKenzie County continues to lead development and is running 3o running this week, while Williams increased to 18 and Mountrail stayed flat at 11. View the full list below under the Bakken Drilling by County section.

Activity continues to be dominated by horizontal drilling:

73 rigs are drilling horizontal wells
2 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

New York Bans Fracking

WPX Plans to Increase Bakken Activity

Two Saltwater Leaks in North Dakota

What is the Rig Count?

Bakken Rig Count at 73

June 26, 2015 Elizabeth Alford

The Bakken-Three Forks rig count decreased this week to 73 rigs running across our coverage area.

In recent Bakken news, Energy Transfer Pipeline is moving forward with plans to build a massive 1.134 mile pipeline that will transport crude from the Bakken through South Dakota and into Patoka, Illinois amid public concerns.

The U.S. rig count increased slightly, ending with 859 rigs running by midday Friday. A total of 228 rigs were targeting natural gas (five more the previous week) and 628 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.)74 are in ND alone.

Bakken Oil & Gas Rigs

The Bakken oil rigs fell to 73 rigs this week with Bloomberg reporting WTI oil prices trading at $59.63/bbl on Friday afternoon, a $.02 decrease from the previous week. WTI-Brent increased $.24 landing to $63.26. The Bakken has zero natural active gas rig in the area this week with futures dropping to $2.77/mmbtu by midday.

McKenzie County continues to lead development and is running 3o running this week. Williams stays at 18, but Mountrail loses two rigs to 11. View the full list below under the Bakken Drilling by County section.

Activity continues to be dominated by horizontal drilling:

72 rigs are drilling horizontal wells
1 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 Oil & Gas News

Two Saltwater Leaks in North Dakota

Turning Drilling Waste into Roads

What is the Rig Count?

Read more at bakerhughes.com

Bakken Rig Count Increases

June 20, 2015 Elizabeth Alford

The Bakken-Three Forks rig count gained one this week with 76 rigs running across our coverage area.

In recent Bakken news,OPEC announced last they will stick with their policy to produce oil at a high rate, a measure that may signal they are underestimating Bakken producers.

The U.S. rig count slowed its decline this week falling by two to 857 rigs running by midday Friday. A total of 223 rigs were targeting natural gas (dtwo more than the previous week) and 631 were targeting oil in the U.S. (four less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.)76 rigs are running in the Williston Basin across MT, ND, and SD. 76 are in ND alone.

Bakken Oil & Gas Rigs

The Bakken oil rigs stayed at 75 rigs this week with Bloomberg reporting WTI oil prices trading at $59.61/bbl on Friday afternoon, an $.37 decrease from the previous week. WTI-Brent fell $.67 landing to $63.02. The Bakken has zero natural active gas rig in the area this week with futures increasing to $2.82/mmbtu by midday.

McKenzie County continues to lead development and is running 3o running this week. Williams (17) and Mountrail (13) counties are the next closest producers. View the full list below under the Bakken Drilling by County section.

Activity continues to be dominated by horizontal drilling: