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North Dakota Rig Count Holds at 30 for Thursday, August 6 - Bakken Wire
Rig Report

North Dakota Rig Count Holds at 30 for Thursday, August 6

The state's active drilling fleet remains steady, reflecting a gain of six rigs over the past month.

Bakken Wire Staff·☀️Morning Wire·

North Dakota's active drilling rig count held steady at 30 for Thursday, August 6, according to Bakken Wire live data. The count showed no change from the previous day, with zero new rigs added, zero rigs removed, and no rigs moving location.

The current level represents an increase of three rigs from one week ago, when the state reported 27 active rigs on July 30. The trend over the past month shows a more significant build, with the count up by six rigs from the 24 rigs active on July 7.

The stability in the state's drilling activity comes amid broader energy infrastructure developments that could impact future market dynamics for U.S. producers, including those in the Bakken. In related news, Energy Secretary Chris Wright said on Wednesday that another temporary extension of Jones Act waivers for fuel shipping is "quite likely to happen," according to Rigzone. Such waivers can affect domestic shipping logistics and costs for refined products and crude oil.

Separately, the proposed Coastal Bend LNG project in Texas has entered a new phase, with the developer requesting the U.S. Federal Energy Regulatory Commission to begin a pre-filing review, Rigzone reported. The development of additional LNG export capacity on the Gulf Coast is a key factor for long-term natural gas demand, which influences associated gas production from oil-focused plays like the Bakken.

The Williston Basin's rig count is a closely watched indicator of near-term drilling investment and operator confidence. The current count of 30 rigs, while showing recent incremental growth, remains below the peaks seen in previous boom cycles. Activity levels are influenced by a combination of crude oil prices, well economics, takeaway capacity, and corporate capital expenditure plans.

Operators in the Bakken formation continue to focus on drilling efficiency and well productivity to maintain output. The steady rig count suggests a period of consolidation and measured activity following the gains observed over the last several weeks.

Source

Bakken Wire live rig data, Rigzone

rig countdrillingbakkenwilliston basinnorth dakotaactivity

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