Rig count in North Dakota, update through early January ’16

Workover rig in October 2014. Photo by James Ulvog.
Workover rig in October 2014. Photo by James Ulvog.

Here is a recap of the North Dakota rig count, all from Million Dollar Way. Some older data repeated for context:

  • 93 – 4/17
  • 82 – 6/5
  • 73 – 7/9
  • 74 – 8/20
  • 71 – 9/15
  • 68 – 10/9
  • 66 – 10/14
  • 69 – 10/22
  • 64  11/6
  • 64 – 11/15
  • 65 – 11/23
  • 65 – 12/1
  • 65 – 12/9

Lynn Helms thinks the count will drop another 10 in first half of 2016

  • 64 – 12/18
  • 65 – 12/23
  • 61 – 12/30/15
  • 58 – 1/5/16 – rig count breaches into the 50s
  • 54 – 1/7
  • 53 – 1/13

Mr. Helms estimate proved true by the first week of January.

Leave a Reply

Your email address will not be published.