Bakken Rig Count Remains Flat

The Bakken-Three Forks rig count remained flat this week with 26 rigs running across our coverage area by midday Friday.

In recent Bakken news, Bakken Shale operators and industry officials applaud the recent federal court ruling that declared new fracking rules unlawful.

Read more: Bakken Applauds Frack Decision

A total of 430 oil and gas rigs were running across the United States this week, an increase of 10 over last week. 89 were targeting natural gas (one less than the previous week) and 341 were targeting oil in the U.S. (11 more 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

Bakken oil rigs were at 26 this week with Bloomberg reporting WTI oil prices rose to $49.18 on Friday afternoon. WTI-Brent saw a slight increase as it climbed over the $50 mark this week to $50.63. The Bakken has zero natural active gas rig in the area this week with futures trading at $2.93/mmbtu by midday.

McKenzie County leads development with 12 rigs running this week. 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

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

 

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 Rig Count Makes Gains

Bakken Rig Count on the Rise

Bakken Rig Count on the Rise

The Bakken-Three Forks rig count saw positive movement this week as it increased by two to 26 rigs running across our coverage area by midday Friday.

In recent Bakken news, The North Dakota Department of Mineral Resources (DMR) reported last week that the state's oil output dropped more than 50% in April.

Read more: North Dakota Oil Output Plunges by 50% 

A total of 420 oil and gas rigs were running across the United States this week, a decrease of three over last week. 90 were targeting natural gas (four more than the previous week) and 330 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.)  26 of the rigs active in the U.S. were running in North Dakota.

Bakken Oil & Gas Rigs

Bakken oil rigs were at 26 this week with Bloomberg reporting WTI oil prices at $47.64 on Friday afternoon. WTI-Brent saw a slight decrease this week to $48.41. The Bakken has zero natural active gas rig in the area this week with futures trading to $2.67/mmbtu by midday.

McKenzie County leads 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:

  • 26 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

 

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 Rig Count Flat Despite Increases Across the U.S.

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The Bakken-Three Forks rig count remained flat this week, with 24 rigs running across our coverage area by midday Friday.

A total of 423 oil and gas rigs were running across the United States this week, an increase of 10 over last week. 85 were targeting natural gas (one more than the previous week) and 337 were targeting oil in the U.S. (nine more 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 were at 24 this week with Bloomberg reporting WTI oil prices at $47.98 on Friday afternoon. WTI-Brent decreasing this week to $49.17. The Bakken has zero natural active gas rig in the area this week with futures trading to $2.62/mmbtu by midday.

McKenzie County leads 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:

  • 24 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

 

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.