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Bakken Shale & Three Forks Rig Count
(as of 07/05/2020)

  Count Change From
Previous Week
Change From
Previous Year
Oil Count 10 1 -41
Oil & Gas Count No change -4

Top Bakken Shale & Three Forks Operators By Rig Count/Locations
(as of 07/05/2020)

Operator Current Week Previous Week Change Change From Last Year
Subscribe to See 2 2 --- -4
WPX Energy, Inc. 2 2 --- -1
Subscribe to See 2 2 --- -2
Subscribe to See 1 1 --- -5
Subscribe to See 1 +1 ---
Subscribe to See 1 1 --- ---
Subscribe to See 1 1 --- -5


Top Bakken Shale & Three Forks County By Rig Count/Locations
(as of 07/05/2020)

County Current Week Previous Week Change Change From Last Year
Subscribe to See 5 5 --- -22
WILLIAMS 2 2 --- -5
Subscribe to See 2 1 +1 -8
Subscribe to See 1 1 --- -7


 Bakken Shale & Three Forks Top Operators
(Undrilled-Permits)
Company    Last 12 Months
Continental Resources, Inc.    89
Hess Corp    68
Whiting Petroleum Corp.    49
   47
   41
   35
   31
   26

   Drilling Permits Trends ( Last 24 Months)


Bakken Shale & Three Forks - Drilling Permits ( June 05, 2020 - July 05, 2020)
Date Approved county Well Name Well type Well Bore Type Field/Zone Well Status
Kraken Oil & Gas II LLC
06-24-2020 Richland Dagney 33-21 #2h Oil & Gas Horizontal Wildcat Richland / Bakken Test Undrilled
06-24-2020 Richland Dagney 33-31 #3h Oil & Gas Horizontal Wildcat Richland / Bakken Test Undrilled
06-24-2020 Richland Dagney 33-21 #4h Oil & Gas Horizontal Wildcat Richland / Bakken Test Undrilled
Sinclair Oil & Gas Company
06-24-2020 Richland Schmitz 2-26h Oil Horizontal Wildcat Richland / Bakken Test Undrilled
Slawson Exploration Inc.
06-19-2020 Mountrail Genesis 1 Slh Oil Horizontal Big Bend / Not Reported Test Undrilled
06-19-2020 Mountrail Genekat Federl 4-13-12tfh Oil Horizontal Big Bend / Not Reported Test Undrilled
06-19-2020 Mountrail Genekat Federl 5-13-12tfh Oil Horizontal Big Bend / Not Reported Test Undrilled
06-19-2020 Williams Bl-farmvale 57-106 Swd1 Swd Vertical Beaver Lodge / Not Reported Test Undrilled
06-11-2020 Williams Bl-pleasant Valley 63-103 Swd1 Swd Vertical Beaver Lodge / Not Reported Test Undrilled
06-11-2020 Mckenzie Nikolai Federal 5297 11-6 6b Oil Horizontal Banks / Bakken Test Undrilled

  Bakken Shale & Three Forks - Drilling Activity (2016 - 2020 YTD)


 Bakken Shale & Three Forks - Well Completion Trend


Completions By
Company
2019(YTD)
Count
Hess Corp 215
Continental Resources, Inc. 185
Whiting Petroleum Corp. 174
122
94
Completions By
County
2019(YTD)
Count
Mckenzie 534
Williams 318
Mountrail 316
265
23

 Bakken Shale & Three Forks Map

 Bakken Shale & Three Forks Rig Data : July 5, 2020


Drilling Trends from May 4, 2011 - July 5, 2020

 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 $2
Subscribe to See Subscribe to See Subscribe to See Subscribe to See $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 ---
04/22/2019 Northern Oil and Gas, Inc. Flywheel Energy LLC Northern Oil Acquires Bakken Assets from PE-Backed Flywheel $180
04/03/2019 Empire Petroleum Corp. Energyquest Ii Llc Empire Petroleum Picks Up 20,700-Acre Williston Basin Asset ---
11/07/2018 Vantage Energy Acquisition Corp QEP Resources, Inc. Vantage Energy Acquires QEP's Williston Property for $1.7 Billion $1,725
11/01/2018 Ovintiv Inc Newfield Exploration Co. Encana to Acquire Newfield in All-Stock Deal Worth $5.5 Billion $7,700
08/22/2018 US Energy Corp. APEG Energy LP US Energy Corp. Inks $17.8MM Deal for Bakken Properties $18
 

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