ERC up 29 as strong productivity outweighs declining activity
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 rise in April, breaking a four-month slide, with an effective 29 rigs coming online in the month. The major shale basins currently have an effective 2,765 active rigs, indicating current operations are equivalent to 2,765 rigs from the January 2014 benchmark rig count.

Per-rig productivity rose in the month, while reported rig activity fell.

This is the first time increasing productivity has outweighed falling rig counts since November 201...

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