U.S. oil production from seven major shale formations is expected to rise about 22,000 barrels per day next month, which would be the smallest monthly increase since shale output declined in February 2019.
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.
Arkansas, Louisiana, Mississippi and Texas RRC Dist. 1, 2, 3, 4., 5, 6, inland, offshore
Kansas, Oklahoma, Texas Dist. 7B, 7C, 8, 8A, 9, 10
Midcontinent E&P companies reduce well intensity to generate economic returns.
Bringing directional drillers together in the Permian Basin has resulted in improved communication and more sharing of knowledge, a company engineer says.