Williston News Pulse September 2022

Posted: October 19, 2022

The Williston Basin | September 2022

Field Overview

The Williston Basin is a large sedimentary basin along the eastern edge of the Rocky Mountains in western North Dakota, eastern Montana, and southern Saskatchewan, Can. The basin is characterized by thick sequences of sediments that underlie an area of about 110,000 square miles, and it is geologically closely related to the Alberta Basin in Canada. The first wells in the Williston were drilled in the 1936, and by 1954, 80% of possible producing acreage had been leased.

State Drilling Statistics

Active Drilling Rigs in Basin – 40 (+1)
Total Rigs in North Dakota – 38 (-2)
Total Rigs in United States- 769 (+10)
Total U.S. Rigs 42% YTD

Williston Top Producer

Top Producer – Continental Resources

Basin Highlights

Oil Worker Shortage Reported in Williston Basin

Lynn D. Helms, Director of the North Dakota Division of Mineral Resources, was interviewed by Prairie Public Radio and discussed the acute labor shortage experienced by E&P and service companies in the Williston Basin in North Dakota. Helms articulated that North Dakota is currently “unable to attract the skilled labor that [it] needs in order to deploy more drilling rigs and more frac crews.” The North Dakota Division of Mineral Resources has vowed to devote more resources to attracting skilled labor in order to allow for more oil and gas production in the state.

Energy Transition in Motion: Lithium from Oil Wells in the Williston Basin

Prairie Lithium Corporation announced the acquisition of three wells in Saskatchewan on the Canadian side of the Williston Basin. Purchasing these marginal wells for $1 each, Prairie Lithium is investigating the possibility of deepening the wells to the Duperow Formation. Prairie Lithium is currently extracting lithium from this formation in nearby wells drilled specially for the purpose. Prairie Lithium said, in a release, “These agreements highlight the synergies occurring between the emerging lithium and geothermal sectors”.

Summit Divests Williston Basin Gas Gathering System for $40 Million

Summit Midstream Partners recently sold its Williston gas gathering assets to Steel Reef for $40 million. Summit plans on growing water and crude oil takeaway capacity in the Williston. Summit sold its gathering systems in Lea and Eddy Counties, New Mexico, to Matador Resources this June for $75 million. Summit, which operates in the Barnett, the Rockies, the Permian and the Marcellus/Utica, indicated that the divestiture of these noncore assets will allow them to focus on other projects and will assist the company in lowering its debt load.

Top Producers

RankCompanySeptember Production (MBO)
1Continental Resources4,640
2Chord Energy4,214
3Marathon Oil2,829

Rig Count

North Dakota Oil Production

North Dakota Natural Gas

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