EERC falls to 2,755
EnerCom has released its latest Effective Rig Count, examining the state of drilling activity correlated to production in major shale basins.

The Effective Rig Count fell to 2,755 in August, continuing the decline seen last month. The drop in total EERC was due to declining efficiencies, as reported rig counts rose slightly in August.

These two months represent the only declines seen in the Effective Rig Count since May 2016, when the downturn bottomed out. An Effective Rig Count of 2,755 means it would take 2,755 rig...

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