Active Drilling Rigs in North Dakota Down to 194 From Recent High of 201 -- Bakken, North Dakota, USA

Anomaly? Something going on? Some rigs moving to Montana?

Weather is great; nothing being reported locally that would directly impact drilling rigs.

If the number continues to drop, or stabilizes significantly below 190, and the rigs cannot be accounted for by going over to Montana, two things come to mind: a) work force issues -- Williams County has put a six-month moratorium on man-camps; and, b) the significant fracking backlog.

Just noting the number now. More to follow.