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Bakken Shale & Three Forks Rig Count
(as of 01/31/2023)

  Count Change From
Previous Week
Change From
Previous Year
Confidential Count 12 No change 6
Injection Count No change -1
Oil Count 15 -1 7
Oil & Gas Count 9 -2 7

Top Bakken Shale & Three Forks Operators By Rig Count/Locations
(as of 01/31/2023)

Operator Current Week Previous Week Change Change From Last Year
Subscribe to See 6 6 --- ---
Oasis Petroleum Inc. 3 3 --- +2
Subscribe to See 3 3 --- +3
Subscribe to See 2 3 -1 +1
Subscribe to See 2 2 --- +2
Subscribe to See 2 2 --- +1
Subscribe to See 2 1 +1 +1
Subscribe to See 2 2 --- +1
Subscribe to See 1 1 --- +1
Subscribe to See 1 1 --- ---


Top Bakken Shale & Three Forks County By Rig Count/Locations
(as of 01/31/2023)

County Current Week Previous Week Change Change From Last Year
Subscribe to See 14 13 +1 +10
DUNN 9 10 -1 +5
Subscribe to See 7 9 -2 +2
Subscribe to See 4 5 -1 +1
Subscribe to See 1 1 --- +1


 Bakken Shale & Three Forks Top Operators
(Undrilled-Permits)
Company    Last 12 Months
Oasis Petroleum Inc.    47
Hess Corp    44
Grayson Mill Energy    34
   32
   31
   23
   12
   11

   Drilling Permits Trends ( Last 24 Months)


Bakken Shale & Three Forks - Drilling Permits ( January 01, 2023 - January 31, 2023)
Date Approved county Well Name Well type Well Bore Type Field/Zone Well Status
Grayson Mill Energy
01-14-2023 Mckenzie Knight 35-26f 5tfh Oil & Gas Horizontal Undrilled
01-14-2023 Mckenzie Knight 35-26f 6h Oil & Gas Horizontal Undrilled
01-14-2023 Mckenzie Knight 35-26f 7tfh Oil & Gas Horizontal Undrilled
01-14-2023 Mckenzie Knight 35-26f Xe 1h Oil & Gas Horizontal Undrilled
Hunt Oil Company
01-14-2023 Mountrail Redmond 157-89-19-30h 3 Oil & Gas Horizontal Undrilled
01-14-2023 Mountrail Redmond 157-89-19-30h 4 Oil & Gas Horizontal Undrilled
01-14-2023 Mountrail Redmond 157-89-19-30h 5 Oil & Gas Horizontal Undrilled
Continental Resources, Inc.
01-14-2023 Dunn Fuller 9-2h1 Unknown Horizontal Undrilled
01-14-2023 Dunn Fuller 10-2h Unknown Horizontal Undrilled
01-14-2023 Dunn Fuller 11-2h1 Unknown Horizontal Undrilled

  Bakken Shale & Three Forks - Drilling Activity (2016 - 2023 YTD)


 Bakken Shale & Three Forks - Well Completion Trend


 Bakken Shale & Three Forks Map

 Bakken Shale & Three Forks Rig Data : January 31, 2023


Drilling Trends from May 4, 2011 - January 31, 2023

 Bakken Shale & Three Forks Overview



The Bakken shale and underlying Three Forks formation are part of the larger Williston Basin, which encompasses Saskatchewan, Manitoba, North Dakota, Montana, and South Dakota. Bakken producing zones are mainly present in Western North Dakota, Southern Saskatchewan, and Eastern Montana.

The Bakken shale is one of the largest (possibly the largest) continuous oil accumulations in the world.  It is an over pressured system which is in part responsible for high IP rates. The high pressure in the formation suggests that the…


  Bakken Shale & Three Forks - Mergers & Acquisition

Announce Date Buyer Seller Title Value $MM
Subscribe to See Subscribe to See Subscribe to See Subscribe to See $4,800
Subscribe to See Subscribe to See Subscribe to See Subscribe to See ---
07/06/2022 Not Disclosed Ovintiv Inc Ovintiv Trims Bakken, Uinta Portfolio; Sells Off Properties for $250 Million $250
06/21/2022 Undisclosed Riverbend Oil & Gas Riverbend Energy Group Sells Off Non-Op Oil & Gas Subsidiaries for $1.8B $1,800
06/08/2022 Devon Energy Corp RimRock Oil & Gas Devon Acquires Williston Assets from PE-Backed E&P in $865 Million Cash Deal $865
06/08/2022 Northern Oil and Gas, Inc. Not Disclosed Northern Oil Bolts On Williston Basin Assets for $158 Million in Cash $158
05/18/2022 Executive Network Partnering Corporation,Granite Ridge Resources Inc. Grey Rock Investment Partners Grey Rock, ENPC Ink $1.3B Business Combination; Form Granite Ridge Resources $1,300
03/07/2022 Oasis Petroleum Inc. Whiting Petroleum Corp. Whiting, Oasis Combine in Merger of Equals Worth $6.0 Billion $6,000
02/08/2022 Whiting Petroleum Corp. Not Disclosed Whiting Ups Ante in the Bakken; Acquires Assets for $273 Million $273
01/20/2022 Evolution Petroleum Corp. Foundation Energy Management Llc Evolution Petroleum Acquires Bakken Assets in $25.9MM Deal $26
 

  Bakken Shale & Three Forks Transactions By Quarter ($MM)