Hart Energy's exclusive rig counts measure drilling intensity. They exclude units classified as rigging up or rigging down, and also exclude rigs drilling injection wells, disposal wells or geothermal wells. They are designed to offer the most accurate picture of what is actually occurring in the field.
Well stimulation firms are experiencing economic headwinds despite completing more stages at higher pump rates for customers as pricing softens and frack equipment stacks out.
Fewer wells and wider spacing are likely for tight formation development.