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Today, after updating our Rig database, we noticed that the rig count fell to 29 active rigs in the play. A look at the proposed drilling plans for 2016, a few operators are set to cut drilling rigs even more. You can find full planned drilling plans for each operator drilling the Bakken/Three Forks in North dakota here.
Rig count falling from Nov, 2014 (193 rigs ) to April 2016 (29)
North Dakota / Williston Basin
Active Rig by Operator (April 4, 2016)
North Dakota / Williston Basin
Active Rigs By Counties (April 4, 2016)
Completion Activity (Jan - March 2016)
Completion activity is expected fall as the year progresses with operator such as ConocoPhillips (NYSE:COP) and SM Energy (NYSE:SM) slow down activity.
Completion By Operator
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