Permian efficiency wins help boost EERC
EnerCom has released its latest Effective Rig Count, examining the state of drilling activity and the reported production from the major shale basins.

The Effective Rig Count rose sharply in November, extending the increase seen last month. The EERC is now at 2,907, an increase of 95 compared to the October count. While the reported rig count increased by 11 in the month, which equates to 33 effective rigs, most of this increase is due to improving efficiencies.

Operations in the Permian have suffering decreasing efficiencies for much of 2018, as restricted takeaway cut into the production each rig yielded. Additionally, the continued increase in DUC count in the basin decreased per-rig efficie...

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