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Thursday, September 23, 2021

Active Rigs In North Dakota -- September 23, 2021

Updates

September 24, 2021: a reader provides additional information that can be added to information below -- with these additions, one could argue that the number of active rigs in North Dakota might trend toward 40 in early 2022; drillers drill throughout the year in North Dakota, but due to severe winters, some of this could be delayed to 2Q22. Fracking really slows down in 1Q22 due to weather. 

  • Crescent Point has B21 running now. 
  • Oasis has picked up B26 from Liberty. 
  • Hess: rumors that it will be picking up X25 in beginning of 22; 
  • Greyson Mill will start a drilling program in 22 (rumor from reader, "I have heard...". 
  • Whiting to add 1
  • Ovintiv possibly add 1, 
  • Iron Oil and Gas add 1,
  • Koda Resources to add 1 rig for a 4-hole pad
  • Continental to add 1 more
  • Sinclair to add 1 rig for a single well. 
  • Reader "wouldn’t be surprised if the operators that add continue extending contract term length as oil prices stay above $65." 

I "predicted" CLR, Whiting might add a rig; that CPEUSC would have a rig (apparently they do). I forget about Koda Resources and Iron Oil and Gas. I actually thought about Iron Oil and Gas last night -- this is nice to see.

Original Post

The NDIC no longer provides "active rig" data in the Bakken. 

Based on NDIC reports when that data was last provided and new data from readers this is what I see. These are active oil and gas rigs. In addition, there may be two rigs drilling salt water disposal wells:

  • CLR: 9
  • Hess: 4
  • MRO: 2
  • Slawson: 1
  • Oasis: 1
  • Rimrock: 1
  • Petro-Hunt: 1
  • Kraken: 1
  • Ovintiv: 1
  • Whiting: 1
  • PetroShale: 1
  • Bruin: 1
  • Hunt: 1
  • BR; perhaps their first active rig next month (October) and a total of two rigs in 1Q22
  • WPX: 1, 1Q22
  • Sinclair: 1 "soon"

That works out to twenty-nine (29) active rigs going into 1Q22. 

Missing in the list above and operators I would expect to add a rig:

  • Zavanna
  • Crescent Point Energy
  • True Oil
  • Whiting: from one to two, maybe three
  • WPX: from one to two

I don't think they need to, but I wouldn't be surprised if CLR actually added another rig.

2 comments:

  1. Crescent Point has B21 running now. Oasis has picked up B26 from Liberty. Rumors of Hess picking up X25 in beginning of 22,have also heard Greyson Mill will start a drilling program in 22. Whiting to add 1, ovintiv possibly add 1, Iron oil and gas add 1, koda add 1 for a 4 hole pad, continental 1 more, Sinclair add 1 for a single well. Wouldn’t be surprised if the operators that add continue extending contract term length as oil prices stay above $65.

    ReplyDelete
    Replies
    1. I sort of "predicted" CLR, Whiting might add a rig; that CPEUSC would have a rig (apparently they do, thank you). I forgot about Koda Resources and Iron Oil and Gas. I actually thought about Iron Oil and Gas last night -- this is nice to see.

      Again, thank you for your updates. Fun to follow. For me, the number of rigs is an important indicator of the amount of overall activity in the Bakken, not necessarily production. The latter is dependent on fracking/completions -- obviously you know that; I post that for newbies.

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