Bakken Exclusives

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A challenging market in the Bakken Shale sees contractors cutting wages, bundling services and pursuing routine maintenance jobs. Contractors report a job mix that is 89% routine maintenance.

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Demand for pressure pumping services in the Bakken Shale is flat, the inventory of drilled but uncompleted wells is rising, and pricing is off 18% vs. August.

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The volume of sand use per well has dropped as Bakken operators seek additional cost savings. Average sand per well is 5 million pounds, down from 6 million pounds 90 days ago.

Heard In The Field


Price Way Underway For Services

Workover/Well Service

Region Needs $60 Oil Before Activity Recovers

Well Stimulation/Pressure Pumping

Bakken Gross Acreage

Company Net Acreage
Crescent Point Energy 1,000,000
DeeThree Exploration 200,000
ARC Resources 179,200
LGX Oil + Gas 167,838
All Top Acreage Holders
Company Net Acreage
Continental Resources 1,170,000
Whiting Petroleum 811,737
ConocoPhillips 626,000
Hess Corp. 613,000
All Top Acreage Holders