Rig Count in Bakken Reaches 2 Year High

Recent forecasts, that North Dakota's output from the Bakken will reach 2 million barrels per day  for 2014, has given operators confidence and increased the number of rigs to the highest level since October 2012.  The rig count targeting the Bakken and Three Forks shale formations increased by 4 to 198 in September. Baker Hughes reports the total U.S. oil rig count rose to a record 1,601.