Effective Rig Count falls by 49 in May
By Bevo Beaven, Editor, Oil & Gas 360
Oil & Gas 360 has released the latest Effective Rig Count, a measure that evaluates the state of drilling activity in the U.S. shale plays and links the reported production from the major shale basins. Drilling productivity keeps increasing.

CLICK IMAGE TO ACCESS ENERCOM'S INTERACTIVE RIG COUNT DASHBOARDS

The Effective Rig Count for May fell by 49 rigs, based on the EIA's latest productivity data in the U.S. shale basins.

The major shale basins currently have an effective 2,781 active rigs, indicating current operations are equivalent to 2,781 rigs with the productivity of rigs from the January 2014 benchmark rig count. In other words, the produc...


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