That's the number of active rigs in North Dakota. Up from seven on Friday, although it had been at 114 for a couple of days last week. Over the weekend it jumped to 116 and this morning it is 117. This is the new record.
This number could rise a bit more in the next week or so; several (about 10) companies had a decrease of 1 well since I last looked at this. I assume those wells are moving to a new location; some might be moving to Montana, but I doubt many of them are being mothballed.
Continental Resources leads the field; CLR now has 17 active rigs, up 5 from the last time I checked. Then comes EOG with 14 and WLL with 12. For all its talk, BEXP still has only 5.
I'm still flabbergasted that the company that is synonymous with "Williston Basin," Hess, has only 5 rigs. And Fidelity, whose corporate headquarters is in Bismarck, has only 1 rig in the Williston Basin, putting it in the same league as Kodiak, Sagebrush, North Plains, Peak and others.
It should be noted that Zenergy had a high of 4 rigs at one time; right now it has 1, suggesting that the total number of active rigs could spike higher a week from now.
Kodiak actually owns 2 rigs - one is actually right across border in Montana - so technically they do have two rigs rolling - results on 4 holes coming - including partnered well with XTO/XOM
ReplyDeleteYou are correct. KOG has two rigs, but I only count rigs in North Dakota. I point out that KOG has two rigs on my "Active Rigs" page, one in Montana, one in North Dakota. Same with Hess, for example. I assume Hess has hundreds of rigs worldwide but only five (5) in North Dakota.
ReplyDeleteWhen KOG took possession of their second rig, back in February (2010), KOG said it would be "deployed" to Montana.
Also, for others looking at the numbers, these are "active rigs." Obviously the numbers go up and down as the rigs are being moved from site to site.