Bakken Oil Rig Count Falls Again

by wdalessi | September 4, 2020 | Uncategorized | 0 Comments

According to the September 4th, 2020 Baker Hughes Rig count report the number of oil rigs operating in the Williston Basin has fallen to 9! This is an incredibly low number. It must be far bellow the maintenance level needed to maintain current production levels.

Bakken Rig Count Tumbles

by wdalessi | May 10, 2020 | Uncategorized | 0 Comments

Because of the ongoing collapse of oil prices the number of active drilling rigs in North Dakota continues to fall. With the latest count standing at just 20, production in the Bakken is set to fall in the coming months. Even though demand has declined drastically,...

oil prices plunge after report Saudi Arabia oil supplies returning to normal

by wdalessi | September 17, 2019 | Uncategorized | 0 Comments

According to a CNBC.Com article today, Saudi Arabian oil production looks to increase to normal levels faster than initially expected. The oil markets worst fears of a prolonged production output may not actually happen. Some sources think up to 70% of normal...

Saudi Oil Production Attacked

by wdalessi | September 16, 2019 | Uncategorized | 0 Comments

Over the weekend oil production was damaged and taken offline as a result of missile and drone attacks. It is initially feared that up to half of total Saudi Arabian oil production has been taken down. This would represent up to 5% of total world oil production and...

North Dakota Oil Production Stays Over 1 Million Barrels Per Day

by wdalessi | September 13, 2017 | Uncategorized | 0 Comments

For the drillers in North Dakota, things seem to be stabilizing at just over 1 million barrels per day of oil production. According to a recent North Dakota Department of Mineral Resources report oil production in the state is just above 1 million barrels per day....

Boriding Metal Vapor Treatments

by wdalessi | December 22, 2016 | Uncategorized | 0 Comments

Boriding is a treatment of metal that usually occurs at high temperatures. The process of Boriding is also called Boronizing as the two terms are interchangeable. Boriding is the process by which boron is introduced to a metal or alloy. It is a type of surface...

OPEC Agrees To Limit Production

by wdalessi | October 3, 2016 | Uncategorized | 0 Comments

Well it looks like OPEC has finally agreed to try and limit production. It may be that the pain is getting to be to much even for the wealthy kingdom of Saudi Arabia. As a result of the potential agreement oil prices have shot up taking the stock prices of many oil...

Bakken oil Rig Count

by wdalessi | September 17, 2016 | Uncategorized | 0 Comments

The rig count for the Bakken as of yesterday, September 16, 2016 is 27. I hear many people talking about all the rigs going back online, but not in the Bakken. The rig count is still very low, and production continues to fall. According the the latest "eia.gov"...

Welcome to our Website. We are the Bakken Oil News. News, Views and Statistics. We will strive to provide quality information that will keep you interested and informed. The Bakken is one of the newest, and most productive oil fields in the United States.

The Bakken covers parts of Montana, North Dakota and Southern Canada. Production in the Bakken has been more than 1.2 million barrels of oil a day at it’s peak. Production is now lower as a result of lower drilling activity levels.

Bakken News Oil Rig Count

Number of active drilling rigs in the Williston Basin.*

38*

This information is from the Baker Hughes
Rig Count report dated 6/24/2022.

According to an article published by the USGS in 2013 and updated in 2019, there were approximately 7.4 billion barrels of undiscovered, technically recoverable oil in the combined Bakken and Three Forks Formations in North Dakota, South Dakota and Montana. While this article is old, it is still very interesting and that is why we are providing a link to it. This article was updated in 2019 to reflect more current data.

Here is a link to the USGS article for your review. USGS Bakken and Three Forks Assessment.

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