Thursday, April 8, 2021

Sweet Sixteen: Active Rig Count Jumps -- April 8, 2021

It wasn't so long ago that there were only twelve active oil and gas rigs in North Dakota. 


Active rigs:

Active Rigs1636645849

The sweet sixteen:

The operators:

  • CLR (3): Gordon Federal, Rodney, Carus,
  • MRO (3): Denny, Hausauer, Burger,
  • Hess (2): EN-Rice, BL-Frisinger,
  • Slawson (2): Mauser Federal; Whirlcat Federal;
  • Whiting: Lacey
  • Petro-Hunt: Hurinenko
  • Oasis: Nikolai Federal
  • Enerplus: Ermine
  • Iron Oil Operating: Antelope
  • Crescent Point: CPEUSC Sylven

This is an extremely bullish line-up. I've always said the Bakken will be "back" if / when:

  • Slawson starts drilling again; and here we have, not one, but two rigs -- whoo-hoo!
  • the number of operators drilling increases significantly from three or four; ten operators in the list above, is very bullish;
  • operators like Iron Oil Operating show up on the list; and, then, of course, there's always...
  • ... Oasis.

Yet to be seen on the list:

  • WPX
  • Ovintiv
  • BR

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