EERC down by 11 in September
EnerCom released its monthly EnerCom Effective Rig Count for September today, reporting an equivalent 2,292 rigs active in the U.S., down from 2,303 last month. The Effective Rig Count adjusts reported rig counts for increasing efficiency in drilling and completions, meaning production factors into the count.

Drilling activity in the U.S. is declining slightly, as operators attempt to find an equilibrium. This has led to the second decline in a row in the Effective Rig Count. There was a total drop of 11 effecti...

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