EERC down for fourth straight month
By Richard Rostad, analyst, Oil & Gas 360

Oil & Gas 360 has released its latest Effective Rig Count, evaluating the state of drilling activity and reported production from the major shale basins.

The Effective Rig Count fell once again in March, with an effective 51 rigs coming offline in the month. The major shale basins have a combined 2,723 effective rigs, meaning current drilling activity is equivalent to 2,723 rigs from January 2014. This is the fourth straight decline in national Effective Rig Count, as decreasing activity levels combined with shifting efficiencies.

Oil and gas companies have made many improvements in the technologies and techniques of shale development since 2014,...

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