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Track Drilling (Rigs by operator) | Completions (Frac Spreads)

Bakken Shale & Three Forks Rig Count
(as of 05/28/2022)

  Count Change From
Previous Week
Change From
Previous Year
Confidential Count 12 No change 7
Oil Count 14 -1 3
Oil & Gas Count 10 2 9

Top Bakken Shale & Three Forks Operators By Rig Count/Locations
(as of 05/28/2022)

Operator Current Week Previous Week Change Change From Last Year
Subscribe to See 6 6 --- +2
Hess Corp 3 3 --- +1
Subscribe to See 2 2 --- +1
Subscribe to See 2 1 +1 ---
Subscribe to See 2 2 --- +2
Subscribe to See 2 2 --- +1
Subscribe to See 2 2 --- +1
Subscribe to See 2 2 --- +1
Subscribe to See 1 1 --- +1
Subscribe to See 1 1 --- +1


Top Bakken Shale & Three Forks County By Rig Count/Locations
(as of 05/28/2022)

County Current Week Previous Week Change Change From Last Year
Subscribe to See 10 10 --- +3
DUNN 9 8 +1 +4
Subscribe to See 8 7 +1 +5
Subscribe to See 8 7 +1 +6
Subscribe to See 1 1 --- +1


 Bakken Shale & Three Forks Top Operators
(Undrilled-Permits)
Company    Last 12 Months
Hess Corp    20
Oasis Petroleum Inc.    20
Marathon Oil Corp    16
   13
   5
   5
   3
   1

   Drilling Permits Trends ( Last 24 Months)


  Bakken Shale & Three Forks - Drilling Activity (2016 - 2022 YTD)


 Bakken Shale & Three Forks - Well Completion Trend


Completions By
Company
2022(YTD)
Count
Hess Corp 6
Whiting Petroleum Corp. 5
Equinor 5
1
Completions By
County
2022(YTD)
Count
Williams 6
Mckenzie 5
Mountrail 5
1

 Bakken Shale & Three Forks Map

 Bakken Shale & Three Forks Rig Data : May 28, 2022


Drilling Trends from May 4, 2011 - May 28, 2022

 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 $1,300
Subscribe to See Subscribe to See Subscribe to See Subscribe to See $273
01/20/2022 Evolution Petroleum Corp. Foundation Energy Management Llc Evolution Petroleum Acquires Bakken Assets in $25.9MM Deal $26
01/03/2022 Lime Rock Resources Abraxas Petroleum Corp. Abraxas Sells Williston Portfolio to Lime Rock for $87.2MM in Cash $87
10/11/2021 Northern Oil and Gas, Inc. Not Disclosed Northern Oil to Acquire Williston Basin Property for $154 Million $154
08/30/2021 Not Disclosed Enerplus Corp Enerplus Sells Interest in North Dakota/Montana Asset for $115MM $115
07/21/2021 Whiting Petroleum Corp. Not Disclosed Whiting Ups Ante in the Bakken; Acquires Asset for $271 Million $271
05/03/2021 Oasis Petroleum Inc. Diamondback Energy, Inc. Oasis Acquries Bakken Property From Diamondback; $745 Million $745
04/08/2021 Enerplus Corp Hess Corp Enerplus Acquires Bakken Assets from Hess in $312MM Cash Deal $312
02/10/2021 Grayson Mill Energy Equinor Equinor Sells Bakken Assets to PE-Backed Firm for $900MM $900
 

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