Rig Counts

Rig Counts

US Oil Rig Count Plummets Amid Cutbacks

Drillers cut 40 oil rigs in the week to March 27, bringing down the total count to 624, the lowest since March 2017, energy services firm Baker Hughes Co. said in its weekly report.

March 27, 2020

Rig Counts , Unconventional

Chart: Eastern Rig Count As Of March 27, 2020

Alabama. Florida, Illinois, Indiana, Kentucky, Michigan, New York, Ohio, Pennsylvania, Virginia and West Virginia

March 27, 2020

Rig Counts , Unconventional

Chart: Gulf Coast Rig Count As Of March 27, 2020

Arkansas, Louisiana, Mississippi and Texas RRC Dist. 1, 2, 3, 4., 5, 6, inland, offshore

March 27, 2020

Rig Counts , Unconventional

Chart: Midcontinent, Permian Basin Rig Count As Of March 27, 2020

Kansas, Oklahoma, Texas Dist. 7B, 7C, 8, 8A, 9, 10

March 27, 2020

Rig Counts , Unconventional

Chart: Western Rig Count As of March 27, 2020

California, Colorado, Idaho, Montana, Nebraska, Nevada, New Mexico, North Dakota, Utah and Wyoming

March 27, 2020

Rig Counts , Unconventional , Shale Plays

Hart Energy’s Unconventional Activity Tracker (Week of March 23, 2020)

The hurricane of in-field activity cutbacks is moving toward landfall. Hart Energy’s Unconventional Activity Tracker fell 11 units, or 2%, this past week led by a nine-unit decline in the Permian Basin. Rig count declines were recorded in most of the major plays although the Marcellus and Utica held steady at zero change versus last week. That story was also true for the liquids-rich plays, and the traditional dry gas plays.

March 23, 2020

Business , Rig Counts , Unconventional , Shale Plays

Rig Counts Begin Falling As Shale Operators Cut Billions In Spending

Survival mode has returned to the oil and gas sector, Wood Mackenzie says.

March 20, 2020

Rig Counts , Unconventional , Shale Plays

Hart Energy’s Unconventional Activity Tracker (Week of March 16, 2020)

This week’s rig count produced a false positive, essentially reporting the activity level in effect shortly before oil markets cratered from the OPEC + dissolution and the ensuing draconian retrenchment in E&P 2020 capex. 

March 16, 2020

Rig Counts

US Oil Rig Count Rises For Second Week In A Row

The U.S. oil drilling rig count rose for a second week in a row despite a massive drop in both oil and natural gas prices this week and projections by many analysts that the number of rigs will fall as producers deepen their spending cuts on new drilling.

March 13, 2020

Rig Counts , Unconventional

Hart Energy’s Unconventional Activity Tracker (Week of March 9, 2020)

This week, declines of one unit each in the Marcellus and Bakken seemed mild compared to a three-rig drop in the Anadarko Basin. But the Permian largely offsets those regional weaknesses.

March 9, 2020