top of page
Archive_edited.jpg
android-chrome-512x512.png
ShadowHornet LLC logo_edited.png

Strategic Advisors

Bakken Shale Analysis (Part 1): Rig Market Share by Driller

Bakken Shale Analysis (Part 1): Rig Market Share by Driller

An overview of active drillers and exploration projects in the Bakken Shale (ND), January 2012

Bakken Shale Active Rig Analysis as of 1/15/2012

Sources:  http://www.bakkenblog.com/ | North Dakota Department of Mineral Resources | Baker-Hughes International


Don’t miss Part 2 of our analysis, Bakken shale, confidential well permit holders by operator (Coming January 18th!)


Summary:

  • 200 active rigs in Bakken = 10% of 1,987 total US deployed rigs

  • 1701 existing well permits have been issued

  • Drilling market share leaders in Bakken = Nabors (24%), Helmerich & Payne (13%), Precision Drilling (10%), Ensign/Patterson UTI/Unit (each with 7%)

  • 19 drillers with 5 or less rigs compose 26% of market (potential consolidation targets) share of actively deployed rigs by company in Bakken






Detail/Data Table:




Market Share by Driller




Company

 Number of Rigs deployed in Bakken

Bakken Mkt Share

% of company’s total fleet

NBR

47

24%

9%

HP

26

13%

10%

PRECISION

20

10%

10%

ENSIGN

14

7%

11%

PTEN

14

7%

4%

UNIT

14

7%

12%

CYCLONE

12

6%

38%

NOMAC

9

5%


PIONEER

7

4%

12%

MAJOR

5

3%


CANELSON

4

2%


STONEHAM

4

2%


TRUE

3

2%


SST

3

2%


TRINIDAD

3

2%


CRAIG

2

1%


EXTREME

2

1%


FRONTIER

2

1%


KEY

2

1%


DHS

1

1%


FAITH

1

1%


KEY

1

1%


MBASIN

1

1%


PARAMOUNT

1

1%


UNIV DRLG

1

1%


WESTERN

1

1%


Total Result

200









January 14, 2012

bottom of page