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 to increased drilling activity, with eight rigs coming online in the major basins. Efficiencies, on the other hand, are in decline.

While the Midland differential has fallen since peaking at over $17/bbl, Permian operators are still being impacted by the takeaway constraints the basin is experiencing. The basin’s efficiency multiple, which expresses current per-rig pro...

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