Latest News and Analysis
Deals and Transactions
Track Drilling (Rigs by operator) | Completions (Frac Spreads)

Bakken Shale & Three Forks Rig Count
(as of 02/24/2021)

  Count Change From
Previous Week
Change From
Previous Year
Confidential Count 4 1 4
Oil Count 10 1 -39
Oil & Gas Count 1 1 No change

Top Bakken Shale & Three Forks Operators By Rig Count/Locations
(as of 02/24/2021)

Operator Current Week Previous Week Change Change From Last Year
Subscribe to See 3 2 +1 -4
Marathon Oil Corp 3 3 --- -1
Subscribe to See 2 1 +1 -4
Subscribe to See 1 1 --- -2
Subscribe to See 1 +1 -3
Subscribe to See 1 1 --- -1
Subscribe to See 1 1 --- -2
Subscribe to See 1 1 --- ---
Subscribe to See 1 1 --- ---
Subscribe to See 1 1 --- -2


Top Bakken Shale & Three Forks County By Rig Count/Locations
(as of 02/24/2021)

County Current Week Previous Week Change Change From Last Year
Subscribe to See 8 5 +3 +1
DUNN 4 3 +1 -2
Subscribe to See 2 2 --- -25
Subscribe to See 1 2 -1 -8


 Bakken Shale & Three Forks Top Operators
(Undrilled-Permits)
Company    Last 12 Months
ConocoPhillips    64
Continental Resources, Inc.    59
ExxonMobil    34
   28
   25
   24
   22
   20

   Drilling Permits Trends ( Last 24 Months)


  Bakken Shale & Three Forks - Drilling Activity (2016 - 2021 YTD)


 Bakken Shale & Three Forks - Well Completion Trend


Completions By
Company
2019(YTD)
Count
Hess Corp 232
Continental Resources, Inc. 185
Whiting Petroleum Corp. 175
133
115
Completions By
County
2019(YTD)
Count
Mckenzie 576
Williams 340
Mountrail 334
277
23

 Bakken Shale & Three Forks Map

 Bakken Shale & Three Forks Rig Data : February 24, 2021


Drilling Trends from May 4, 2011 - February 24, 2021

 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 $900
Subscribe to See Subscribe to See Subscribe to See Subscribe to See $465
12/21/2020 Diamondback Energy, Inc. QEP Resources, Inc. Diamondback Energy to Acquire QEP Resources $2,200
09/28/2020 Devon Energy Corp WPX Energy, Inc. Devon Energy to Acquire WPX Energy In All Stock Deal $5,630
08/03/2020 Northern Oil and Gas, Inc. Not Disclosed Northern Oil Inks Cash / Stock Deal for Non-Op Bakken Package $6
06/11/2020 Northern Oil and Gas, Inc. Not Disclosed Northern Oil & Gas Bolts-On Property in Williston Basin $2
11/01/2019 Not Disclosed Gulfport Energy Corp. Gulfport Sells Bakken ORRI for $8.0 Million in Cash $8
07/31/2019 Not Disclosed Whiting Petroleum Corp. Bakken Operator Sells Property for $53 Million $53
06/05/2019 Not Disclosed Abraxas Petroleum Corp. Abraxas Sells Non-Op Bakken Property for $15.5MM $16
06/04/2019 Resource Energy Can-am LLC Not Disclosed Resource Energy Picks Up Non-Op Bakken Property; 750 BOEPD ---
 

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