For the first time in more than a decade, production from North Dakota’s Bakken oil fields dropped below the previous year’s levels. Almost 70 percent of the rigs that were in operation last ...

It now resides in the Bakken core for the most part ... The most recent BHI rig report noted an increase in rigs. Oil rigs were up 11, while we saw a decrease in gas rigs by 1.

The Bakken was known to contain oil for many ... In 2014 there were around 200 rigs drilling for oil in the Williston Basin. By March 2016, the rig count had fallen to 31. That ultimately fell ...

The NDIC has published their monthly update for Bakken Oil Production and all North Dakota ... (Click Image To Enlarge) Even though producing rigs in North Dakota declined in September, barrels ...

A year after the number of drilling rigs began thinning from the Bakken region, oil production from completed wells in the area is still strong. It’s not clear whether a resurgence in drilling ...

The number of rigs actively drilling for oil and gas jumped by nine from last week even with U.S. crude oil prices sitting well below $50 a barrel. The Bakken shale in North Dakota led the way ...

Rigs targeting oil in the U.S. surged to a record this week as producers accelerated drilling in some of the nation’s biggest crude plays, from North Dakota’s Bakken formation to the Permian ...

In summary, the list provided is one to follow as rigs move from fringe areas of the Bakken to better producing ... and would estimate it will continue even if oil prices improve.

vice president Patterson-UTI Drilling Co. Perhaps the most preferred migration for local rig hands is to Montana and North Dakota, where the Bakken oil play is creating the same frenzied boom-days ...

Some of that slowdown may be seasonal, but some can be attributed to companies laying off rigs while watching what happens in the oil market. Bakken oil is discounted another $10 to $16 a barrel ...

So they have 180 rigs drilling for oil right now. Bakken wells producing increased by 118 to 8,602 while North Dakota wells producing increased by 92 to 11,507. Since Bakken wells are included in ...