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Bakken leads rig count increase

Baker Hughes rig count, Williston, Bakken

The Baker Hughes weekly rig count total showed a small increase of six total rigs exploring for oil and gas Friday, led by an increase of three rigs in the Williston basin. Surprising areas of increase this week led to a net increase while many areas that have seen recent activity showed either losses or no increase at all. While ...

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US rig count up 7 this week to 447

oil rig, rig count, Baker Hughes

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by seven this week to 447. A year ago, 857 rigs were active. Depressed energy prices have sharply curtailed oil and gas exploration. Houston oilfield services company Baker Hughes Inc. said Friday that 357 rigs sought oil and 89 explored for natural gas ...

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Permian Basin dominates rig counts

Despite being halved in the past year, the Permian Basin’s rig count heads the upswing with more rigs than any other US region. It’s been a rough year for rig counts in every shale play across the country, and the Permian Basin has been no exception. In the past 12 months, capped August 7 2015, the Basin suffered a loss ...

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Bakken oil activity holding steady

The Bakken’s rig count is maintaining a healthy level while overall production levels have seen a slight uptick, reports United Press International (UPI). As of Monday there were 74 active drilling rigs in North Dakota, a level relatively unchanged over the past month. According to the state’s oil and gas regulatory body the North Dakota Industrial Commission, during May, the ...

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Bakken rig count at five year low

As of Monday the number of active drilling rigs in the Williston Basin hit its lowest level since December of 2009, reports KTVQ News. Monday’s number of active drilling rigs was tallied at a paltry 75. On this day one year ago, there were 190 drilling rigs active in the Bakken. The record number of rigs in North Dakota’s Bakken ...

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