But Anadarko Basin faces declining production as drilling slows
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 continued to slide in February, dropping by 33 to 2,782. This indicates that it would require 2,782 rigs from January 2014 to match current activity levels in the major shale basins. This is the third ERC decline in a row, as rig activity declines in the wake of the Q4 2018 price decline and major basins wrestle with constraints.
Improvements in technologies and techniques have significantly increased efficiencies since the downturn began. These enha...

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