Bakken Rig Count remained flat this week, as oil rigs across the nation rose by nine.
Read moreBakken Shale Rig Count Dips by One
The Bakken-Three Forks rig count dropped by one and ending the week with 22 rigs running across our coverage area by midday Friday.
A total of 403 oil and gas rigs were running across the United States this week, down nine from last week. 87 were targeting natural gas (two more than the previous week) and 316 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.) 22 of the rigs active in the U.S. were running in North Dakota.
Bakken Oil & Gas Rigs
Bakken oil rigs fell to 22 this week with Bloomberg reporting WTI oil prices rising to $49.27 on Friday afternoon. WTI-Brent also gained some, increasing this week to $49.34. The Bakken has zero natural active gas rig in the area this week with futures trading to $2.17/mmbtu by midday.
McKenzie County continues to lead development with 11 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:
- 22 rigs are drilling horizontal wells
- 0 rigs are drilling directional wells
- 0 rigs are drilling vertical wells
Bakken Drilling 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.
Read more at bakerhughes.com
Bakken Rig Count Down to 23
The Bakken-Three Forks rig count continued its fall and ending the week with 23 rigs running across our coverage area by midday Friday.
A total of 403 oil and gas rigs were running across the United States this week, down nine from last week. 85 were targeting natural gas (two less than the previous week) and 318 were targeting oil in the U.S. (the same as the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 23 of the rigs active in the U.S. were running in North Dakota.
Bakken Oil & Gas Rigs
Bakken oil rigs fell to 23 this week with Bloomberg reporting WTI oil prices rising to $47.99 on Friday afternoon. WTI-Brent also gained some, increasing this week to $48.85. The Bakken has zero natural active gas rig in the area this week with futures trading to $2.05/mmbtu by midday.
McKenzie County continues to lead development with 11 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:
- 23 rigs are drilling horizontal wells
- 0 rigs are drilling directional wells
- 0 rigs are drilling vertical wells
Bakken Drilling 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.
Read more at bakerhughes.com
Bakken Shale Rig Count Continues to Fall
The Bakken-Three Forks rig count fell this week with 24 rigs running across our coverage area by midday Friday.
A total of 405 oil and gas rigs were running across the United States this week, down nine from last week. 87 were targeting natural gas (one more than the previous week) and 318 were targeting oil in the U.S. (10 less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.)24 of the rigs active in the U.S. were running in North Dakota.
Bakken Oil & Gas Rigs
Bakken oil rigs fell to 24 this week with Bloomberg reporting WTI oil prices rising to $46.21 on Friday afternoon. WTI-Brent also gained some, increasing this week to $47.83. The Bakken has zero natural active gas rig in the area this week with futures trading to $2.10/mmbtu by midday.
McKenzie County continues to lead development with 12 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:
- 24 rigs are drilling horizontal wells
- 0 rigs are drilling directional wells
- 0 rigs are drilling vertical wells
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 Shale Clings to 26 Rigs
akken Rigs
The Bakken-Three Forks rig count remained flat this week with 26 rigs running across our coverage area by midday Friday.
A total of 419 oil and gas rigs were running across the United States this week, down 12 from last week. 87 were targeting natural gas (one less than the previous week) and 332 were targeting oil in the U.S. (11 less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.)26 of the rigs active in the U.S. were running in North Dakota.
Bakken Oil & Gas Rigs
The Bakken oil rigs hels steady at 26 this week with Bloomberg reporting WTI oil prices climbing to $45.92 on Friday afternoon. WTI-Brent also increased this week to $47.37. The Bakken has zero natural active gas rig in the area this week with futures increasing to $2.18/mmbtu by midday.
McKenzie County continues to lead development with 13 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:
- 26 rigs are drilling horizontal wells
- 0 rigs are drilling directional wells
- 0 rigs are drilling vertical wells
Bakken Drilling 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.
Read more at bakerhughes.com