EERC down for fourth straight month By Richard Rostad, analyst, Oil & Gas 360 Oil & Gas 360 has released its latest Effective Rig Count, evaluating the state of drilling activity and reported production from the major shale basins. The Effective Rig Count fell once again in March, with an effective 51 rigs coming offline in the month. The major shale
But Anadarko Basin faces declining production as drilling slows By Richard Rostad, analyst, Oil & Gas 360 Oil & Gas 360 has released its latest Effective Rig Count, evaluating the state of drilling activity and reported production from the major shale basins. The Effective Rig Count continued to slide in February, dropping by 33 to 2,782. This indicates that it would
Permian expected to hit 4 MMBOPD in March By Richard Rostad, analyst, Oil & Gas 360 EnerCom has released its latest Effective Rig Count, linking the state of drilling activity and the reported production from the major shale basins. Oil and gas companies have significantly improved efficiencies during and after the downturn, and each rig in the major shale basins is
EERC drops sharply EnerCom has released its latest Effective Rig Count, linking the state of drilling activity and the reported production from the major shale basins. The Effective Rig Count dropped by 83 in December, meaning the Effective Rig Count now stands at 2,762. This means that the new production in December would have required 2,762 rigs from January 2014
Permian efficiency wins help boost EERC EnerCom has released its latest Effective Rig Count, examining the state of drilling activity and the reported production from the major shale basins. The Effective Rig Count rose sharply in November, extending the increase seen last month. The EERC is now at 2,907, an increase of 95 compared to the October count. While the
Effective Rig Count up on reported rig counts EnerCom has released its latest Effective Rig Count, examining the state of drilling activity and the reported production from the major shale basins. The Effective Rig Count rose in October, reversing the past month’s decline. The Effective Rig Count is currently 2,780, up 14 from last month. This increase was entirely due
Total EERC down 13 EnerCom has released its latest Effective Rig Count, examining the state of drilling activity correlated to production in major shale basins. The Effective Rig Count fell this month, dropping by 13 to 2,747 effective rigs. Both efficiencies and reported rig counts fell in September, reinforcing the decline in the EERC. The past two months have seen
EERC falls to 2,755 EnerCom has released its latest Effective Rig Count, examining the state of drilling activity correlated to production in major shale basins. The Effective Rig Count fell to 2,755 in August, continuing the decline seen last month. The drop in total EERC was due to declining efficiencies, as reported rig counts rose slightly in August. These two
Effective Rig Count drops to 2,771: Permian oil growth slowing EnerCom has released its latest Effective Rig Count, examining the state of drilling activity in major shale basins. The Effective Rig Count fell to 2,771 in July, marking the first decline in the EERC since the downturn bottomed out in May 2016. The EERC expresses current activity measured in terms
If current growth rates hold, the Eagle Ford and Permian will be producing as much oil as the entire U.S. in 2008 within two months The EIA released new data and it now estimates production growth will slow slightly from July to August, but will remain highly robust. In total, the major shale basins are expected to add 320.7 MBOEPD
U.S. shale plays are expected to produce 7.34 MMBOPD and 69.76 Bcf/d this July, a new record for overall output: EIA EnerCom has released the latest Effective Rig Count, examining the state of drilling activity in major shale basins. The EERC reached 2,919 in May, rising for the seventh month in a row. An Effective Rig Count of 2,919 means
Current operations 3.15 times more productive than those of January 2014 EnerCom has released the latest Effective Rig Count, examining the state of drilling activity in major shale basins. The EERC rose in April, reaching 2,826 rigs. This indicates it would take 2,826 rigs from January 2014 to match the current activity level, due to the significant improvements in techniques
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