Productivity growth is slowing
EnerCom has released the latest Effective Rig Count, examining the state of drilling activity in major shale basins.

The EERC is now 2,712, meaning the current level of growth would require 2,712 rigs from January 2014 to achieve. Rigs in today’s drilling environment are now 3.09 times more productive than January 2014 rigs, as operations have shown significant improvement since before the downturn.

Source: EnerCom Analytics
Rigs, completions are better but operators are also laser-targeting best rock
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