Efficiency up, rig count down
EnerCom has released the latest Effective Rig Count edition, examining the state of drilling activity in major shale basins.

The Effective Rig Count fell slightly in October, dropping from 2,219 to 2,212. While output per rig increased, this was outweighed by the drop in active rigs. The total number of rigs operational in major shale basins fell by 13, while the Effective Rig Count dropped by 7.

The average modern drilling rig is now yielding just under than 2.8 times more production than the average rig di...

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