The Bakken-Three Forks rig count decreased by nine t0 126 rigs running across our coverage area by the end of last week. In recent Bakken news, Occidental announced it will scale back its 2015 capital spending by 33 percent to $5.8 billion from $8.7 billion spent in 2014. In addition to the cuts, the company will also be reducing its activity in the Bakken. Read more: Occidental Petroleum Reduced 2015 Capex by 33% The U.S. rig count fell another 98 to 1358 rigs running by the end of last week. A total of 300 rigs were targeting natural gas (down 14 from the previous week) and 1056 were targeting oil in the U.S. (84 less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.). 129 rigs are running in the Williston Basin across MT, ND, and SD. […]