Bakken Rig Count Holds at 25 as Oil Prices Slide Midday
North Dakota's active drilling rigs remain steady despite a midday slump in crude prices, suggesting a continued focus on maintaining production levels.
The number of active drilling rigs in North Dakota held at 25 on Thursday, July 9, 2026, according to live Bakken Wire data. This steadiness in the rig count comes amid a midday downturn in oil prices, with West Texas Intermediate crude trading at $72.04 per barrel, down $1.48, and Brent crude at $76.50, down $1.52.
The Bakken crude price differential narrowed to a discount of $3.42 per barrel below WTI. Natural gas prices were recorded at $3.02 per MMBtu. The current rig count of 25 is a key indicator of near-term drilling activity and future production potential in the Williston Basin.
Historically, the rig count is a leading indicator for North Dakota's oil production. A sustained higher rig count typically translates into increased drilling, completion activity, and a subsequent rise in output several months later. Conversely, a declining rig count often foreshadows a plateau or drop in production. The current level suggests operators are maintaining a measured pace of development.
The midday price slide presents a headwind, but the stable rig count may indicate operators are focused on executing existing drilling programs and maintaining core production volumes. Many Bakken operators have emphasized capital discipline and efficiency in recent years, often continuing activity within pre-set budgets even amid moderate price fluctuations.
For royalty owners and state revenues, a steady rig count helps provide stability for future production and tax collections. However, the narrower Bakken differential improves the netback for producers selling their crude, partially offsetting the lower overall price environment.
The outlook for North Dakota production will depend on whether the current rig level can be sustained. If prices remain volatile or trend lower, operators may begin to reevaluate their activity plans for the remainder of the year. For now, the flat rig count suggests a near-term focus on holding production steady rather than pursuing aggressive growth.
Source
Live Bakken Wire Data, July 9, XX:XX PM CT
