Bakken Shale Rig Count Drops to 51

The Bakken-Three Forks rig count dropped by two, with Baker Hughes reporting 51 rigs running through our coverage area by Friday midday.

A total of 946 oil and gas rigs were running across the United States this week, three less than last week. 182 rigs targeted natural gas (one more than the previous week) and 763 were targeting oil in the U.S. (five less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.)   51 of the rigs active in the U.S. were running in North Dakota.

Bakken Oil & Gas Rigs

51 rigs targetted oil in the Bakke this week with Bloomberg reporting WTI oil prices at $48.82 on Friday afternoon. The Bakken has zero natural active gas rig in the area this week with futures trading at $2.89/mmbtu by midday.

McKenzie County leads activity in the region with 22 rigs running this week. View the full list below under the Bakken Drilling by County section.

Activity continues to be dominated by horizontal drilling:

• 49 rigs are drilling horizontal wells
• 2 rigs are drilling directional wells
• 0 rigs are drilling vertical wells

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.

Rig Counts Down Across U.S. and the Bakken

 Bakken-Three Forks rig count slips this week, with Baker Hughes reporting 53 rigs running through our coverage area by Friday midday.  

In recent Bakken Shale news, the Hess Corporation plans to cut $100 million from its 2017 budget, despite increased Bakken production.

Hess Cuts Budget for Remainder of 2017

A total of 954 oil and gas rigs were running across the United States this week, eight more than last week. 189 rigs targeted natural gas (three less than the previous week) and 765 were targeting oil in the U.S. (one less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.)  53 of the rigs active in the U.S. were running in North Dakota.

Bakken Oil & Gas Rigs

Bakken oil rigs were at 53 this week with Bloomberg reporting WTI oil prices at $49.58 on Friday afternoon. The Bakken has zero natural active gas rig in the area this week with futures trading at $2.77/mmbtu by midday.

McKenzie County leads activity in the region with 20 rigs running this week. 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
• 1 rigs are drilling directional wells
• 0 rigs are drilling vertical wells

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.

Bakken Shale Rig Count Sees No Change This Week

 Bakken-Three Forks rig count is unmoved this week up, with Baker Hughes reporting 54 rigs running through our coverage area by Friday midday.  

In recent Bakke Shale news, North Dakota is in a hot dispute with oil and gas companies and industry leaders over improper deductions on royalties owed to the state.

North Dakota Owed Millions in Royalties

A total of 958 oil and gas rigs were running across the United States this week, eight more than last week. 192 rigs targeted natural gas (six more than the previous week) and 766 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.) 54 of the rigs active in the U.S. were running in North Dakota.

Bakken Oil & Gas Rigs

Bakken oil rigs were at 54 this week with Bloomberg reporting WTI oil prices at $49.71 on Friday afternoon. The Bakken has zero natural active gas rig in the area this week with futures trading at $2.94/mmbtu by midday.

McKenzie County leads production in the region with 19 rigs running this week. View the full list below under the Bakken Drilling by County section.

Activity continues to be dominated by horizontal drilling:

• 53 rigs are drilling horizontal wells
• 1 rigs are drilling directional wells
• 0 rigs are drilling vertical wells

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.

Bakken Shale Rig Count Inches Upward

 Bakken-Three Forks rig count is inching up, with Baker Hughes reporting 54 rigs running through our coverage area by Friday midday.  

A total of 950 oil and gas rigs were running across the United States this week, two less than last week. 186 rigs targeted natural gas (one less than the previous week) and 764 were targeting oil in the U.S. (one less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 54 of the rigs active in the U.S. were running in North Dakota.

Bakken Oil & Gas Rigs

Bakken oil rigs were at 54 this week with Bloomberg reporting WTI oil prices at $45.778 on Friday afternoon. The Bakken has zero natural active gas rig in the area this week with futures trading at $2.97/mmbtu by midday.

McKenzie County leads production in the region with 21 rigs running this week. View the full list below under the Bakken Drilling by County section.

Activity continues to be dominated by horizontal drilling:

• 53 rigs are drilling horizontal wells
• 1 rigs are drilling directional wells
• 0 rigs are drilling vertical wells

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.

Bakken Shale Region Gains One Rig

The Bakken-Three Forks rig count increased by one this week, with Baker Hughes reporting 53 rigs running through our coverage area by Friday midday.  

In recent shale news, Houston-based Halcón Resources will sell a significant part  ofits North Dakota operations in order shift focus to the Permian Basin.

Read more: Halcón Resources to sell Bakken Assets

A total of 952 oil and gas rigs were running across the United States this week, the same as last week. 187 rigs targeted natural gas (two less than the previous week) and 765 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.) 53 of the rigs active in the U.S. were running in North Dakota.

Bakken Oil & Gas Rigs

Bakken oil rigs were at 53 this week with Bloomberg reporting WTI oil prices at $46.68 on Friday afternoon. The Bakken has zero natural active gas rig in the area this week with futures trading at $2.98/mmbtu by midday.

McKenzie County leads production in the region with 21 rigs running this week. 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
• 1 rigs are drilling directional wells
• 0 rigs are drilling vertical wells

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.