Bakken Rig Count Dips Below 100

March 20, 2015 Elizabeth Alford

The Bakken-Three Forks rig count decreased by five t0 97 rigs running across our coverage area by the end of last week.

In recent Bakken news, a study reveals that Williston, N.D. is experiencing population growth that is ten times the normal rate. Infrastructure maintenance and improvements are a growing concern throughout the state as growing populations and oil equipment demands have taxed the current roadways and services.

The U.S. rig count fell another 56 to 1069 rigs running as of today. A total of 242 rigs were targeting natural gas (down 15 from the previous week) and 825 were targeting oil in the U.S. (41 less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.)99 rigs are running in the Williston Basin across MT, ND, and SD. 96 are in ND alone.

Bakken Oil & Gas Rigs

The number of oil rigs decreased by five t0 97 rigs running by midday. WTI oil prices increased $.91 from the previous week, trading at $45.72/bbl on Friday afternoon. The WTI-Brent saw an increase of $.47 by week’s end, landing at $55.14. There are currently no natural active gas rigs in the area and futures are trading at $2.79/mmbtu by midday.

McKenzie County continues to lead development and increased to 43 rigs running. Williams (18) and Mountrail (17) 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:

96 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 Drilling by County

Bakken Oil & Gas Rigs

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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 to 102

March 14, 2015 Elizabeth Alford

The Bakken-Three Forks rig count decreased by four t0 102 rigs running across our coverage area by the end of last week.

In recent Bakken news, two separate accidents across the Williston last week have added to the growing concern about Bakken oil safety and is fueling the intense debate about the way oil is produced, contained and transported in the United States.

Bakken Oil & Gas Rigs

The number of oil rigs decreased by four t0 102 rigs running by midday. WTI oil prices decreased by $4.37 from the previous week, trading at $44.81/bbl on Friday afternoon. The WTI-Brent saw a decrease of $4.75 by week’s end, landing at $54.67. Natural gas rigs decreased by four with futures trading at $2.73/mmbtu by midday.

McKenzie County continues to lead development and increased to 44 rigs running. Williams (19) and Mountrail (18) 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:

102 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

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What is the Rig Count?

Read more at bakerhughes.com

Bakken Rigs Decrease to 106

March 6, 2015 Elizabeth Alford

The Bakken-Three Forks rig count decreased by three t0 106 rigs running across our coverage area by the end of last week.

In recent Bakken news, Whiting Petroleum announced a record 2014 and revealed a 2015 spending plan that includes reducing Bakken rig count.

The U.S. rig count fell another 72 to 1192 rigs running as of today. A total of 268 rigs were targeting natural gas (down 12 from the previous week) and 922 were targeting oil in the U.S. (64 less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.)108 rigs are running in the Williston Basin across MT, ND, and SD. 105 are in ND alone.

Bakken Oil & Gas Rigs

The number of oil rigs decreased by 3 t0 106 rigs running by midday. WTI oil prices decreased by $1.32 from the previous week, trading at $49.18/bbl on Friday afternoon. The WTI-Brent saw a decrease of $0.97 by week’s end, landing at $59.42. Natural gas rigs decreased by four with futures trading at $2.82/mmbtu by midday.

McKenzie County continues to lead development and increased to 46 rigs running. Williams (19) and Mountrail (19) 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:

106 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

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What is the Rig Count?

Read more at bakerhughes.com

Bakken Rigs Count Down to 109

March 2, 2015 Elizabeth Alford

The Bakken-Three Forks rig count decreased by 12 t0 109 rigs running across our coverage area by the end of last week.

In recent Bakken news, Governor Dalrymple of North Dakota signed legislation that grants massive emergency funding to counties and cities statewide in order to bolster the lagging infrastructure. The bulk of the money is targeted to fix roadways and bridges that have not been able to keep up with the increased traffic of heavy oil field equipment that the shale boom has brought to the Bakken area.

The U.S. rig count fell another 43 to 1267 rigs running by the end of last week. A total of 280 rigs were targeting natural gas (down nine from the previous week) and 986 were targeting oil in the U.S. (33 less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.)111 rigs are running in the Williston Basin across MT, ND, and SD. 108 are in ND alone.

Bakken Oil & Gas Rigs

The number of oil rigs decreased by 12 t0 109 rigs running by the end of the week . WTI oil prices decreased by $1.66 from the previous week, trading at $48.84/bbl on Friday afternoon. The WTI-Brent saw an increase decrease of $96 by week’s end, landing at $61.35. Natural gas rigs remained flat with futures trading at $2.71/mmbtu by the end of last week.

McKenzie County continues to lead development with 44 rigs running. Williams (21), Mountrail (21) counties are the only other counties with more than 2o rigs running each. View the full list below under the Bakken Drilling by County section.

Activity is dominated by horizontal drilling:

109 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 Rigs

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What is the Rig Count?

Read more at bakerhughes.com

Bakken Rig Count Ends Week at 121

February 20, 2015 Elizabeth Alford

The Bakken-Three Forks rig count decreased by five t0 121 rigs running across our coverage area by the end of last week.

In recent Bakken news, Kinder Morgan announced last week that it finalized the acquisition of Hiland Partners, a midstream firm founded by Harold Hamm, CEO of Continental Resources. The deal, reported at $3 billion, includes assuming almost $1 billion in debt.

The U.S. rig count fell another 48 to 1310 rigs running by the end of last week. A total of 289 rigs were targeting natural gas (down 11 from the previous week) and 1019 were targeting oil in the U.S. (37 less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.)123 rigs are running in the Williston Basin across MT, ND, and SD. 119 are in ND alone.

Bakken Oil & Gas Rigs

The number of oil rigs decreased by five t0 121 rigs running by the end of the week . WTI oil prices decreased by $2.14 from the previous week, trading at $50.50/bbl on Friday afternoon. The WTI-Brent saw an increase decrease of $3.34 by week’s end, landing at $60.39. Natural gas rigs remained flat with futures trading at $2.94/mmbtu by the end of last week.

McKenzie County continues to lead development with 45 rigs running. Williams (26), Mountrail (21) and Dunn (20) counties are the only other counties with more than 2o rigs running each. View the full list below under the Bakken Drilling by County section.

Activity is dominated by horizontal drilling: