Rigs, efficiency both up
EnerCom has released the latest Effective Rig Count, examining the state of drilling activity in major shale basins.

The Effective Rig Count rose once again in December, growing from 2,345 to 2,429. Increasing rig count combined with heightening efficiency to produce the largest single-month increase in EERC since July.

Operations in major shale basins are now yielding nearly three times as much production as those in January 2014; production from a modern rig is triple that of a pre-downturn rig. More precise dr...

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