Productivity growth is slowing EnerCom has released the latest Effective Rig Count, examining the state of drilling activity in major shale basins. The EERC is now 2,712, meaning the current level of growth would require 2,712 rigs from January 2014 to achieve. Rigs in today’s drilling environment are now 3.09 times more productive than January 2014 rigs, as operations have
EIA predicts U.S. gas production will grow by nearly 1 Bcf/d in one month EnerCom’s Effective Rig Count rose sharply last month, as improving efficiencies combined with a jump in active rigs. The Effective Rig Count now stands at 2,670, meaning it would take 2,670 rigs from January 2014 to yield the same production as current operations are achieving. Current
Improvements in rigs, rapid pace for pad drilling, more pumping horsepower and higher efficiencies boost effective rig count to 2,495 rigs EnerCom has released the latest Effective Rig Count, examining the state of drilling activity in major shale basins. The Effective Rig Count continues to rise, and is now approaching 2,500. There are currently 2,495 effective rigs in the U.S.,
Efficiencies increasing once again EnerCom has released the latest Effective Rig Count, examining the state of drilling activity in major shale basins. The Effective Rig Count rose in November, growing to 2,298, up from 2,284 the prior month. The number of active rigs dropped, but efficiency gains outweighed these decreases. The average drilling operation is now 2.9 times more productive
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
EERC drops by 13 EnerCom released its monthly EnerCom Effective Rig Count today, for August, reporting an equivalent 2,353 rigs active in the U.S., down from 2,366 last month. The Effective Rig Count adjusts reported rig counts for increasing efficiency in drilling and completions. Stubborn sub-$50 oil prices have caused drilling activity to decline slightly, meaning the effective rig count
Anadarko EERC is 404, 2.5 times higher than reported rig count EnerCom has added the Anadarko Basin to the Effective Rig Count, bringing in the second most active basin in the U.S. With the addition of the Anadarko Basin, the EERC is now 2,407, well above peak levels in 2014. In the Anadarko Basin, the reported rig count is 129,
Permian EERC pushes to 1,135 EnerCom released its monthly EnerCom Effective Rig Count today. The Effective Rig Count now reports an equivalent 2,015 rigs active in the U.S., up from 1954 last month. The Effective Rig Count adjusts reported rig counts for increasing efficiency in drilling and completions. There are significantly fewer rigs active in the U.S. today than in
Current rigs generating 3x more production than Jan 2014 rigs EnerCom released its monthly EnerCom Effective Rig Count today. The Effective Rig Count reports an equivalent of 1,939 rigs active in the U.S. in May, up from 1,854 last month. Launched in January, the EnerCom Effective Rig Count seeks to account for improved productivity in recent field development. This is
Highest rig count since April 2015 U.S. rigs, driven by shale activity, continued their relentless climb this week, according to Baker Hughes’ Weekly Rig Count. The total number of rigs active in the U.S. increased by 11, bringing the U.S. total to 927 rigs. This is 513 more than were active at this point last year, and is the highest
U.S. added the most land rigs since April 2015 The U.S. rig count has finally exceeded 900 rigs, according to Baker Hughes’ (ticker: BHI) most recent weekly rig count. American land rigs added 14 for a total of 878 rigs online. This is the highest number of land rigs active in the U.S. since April 2015, a few months after
Nationwide EERC higher than ever at 1,873 EnerCom released its monthly EnerCom Effective Rig Count today. Launched in January, the EnerCom Effective Rig Count seeks to account for improved productivity in recent developments. The downturn forced companies to innovate and develop new technologies and techniques to remain economic. These advancements have allowed companies to drill better, faster wells than they
