Sunday, November 24, 2024
U.S. Oilpatch Productivity Multiple Climbs Above 3.0 - Oil & Gas 360

EnerCom Effective Rig Count Breaks 2,400

Rigs, efficiency both up EnerCom has released the latest Effective Rig Count, examining the state of drilling activity in major shale basins. The Effective Rig Count rose once again in December, growing from 2,345 to 2,429. Increasing rig count combined with heightening efficiency to produce the largest single-month increase in EERC since July. Operations in major shale basins are now

Since August, Oil E&Ps and Oilfield Service Stocks Have Outraced the Rocketing Dow

The Dow Jones Industrial Average reached and briefly exceeded the 26,000 milestone today in intraday trading, checking off another box in the current Wall Street sprint. The Dow ended the trading day on Tuesday at 25,796. The Dow climbed steadily throughout 2017, rising by nearly 30% in the past year and hitting numerous milestones along the way. The index rose