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Horizontal Land Rig Count Summary 6th May 2016

oil rig pipeline

The horizontal U.S. land rig count fell by 6 rigs to 318 and the total land rig count fell by 3 rigs to 388. 

Tight oil plays gained 1 rig. 

Losers:  Bakken (-1), Eagle Ford (-3), Niobrara (-1) = -5. 

Winners:  Permian (+3), Mississippi Lime (+2), Granite Wash (+1) = +6.

Go figure why the Mississippi Lime and Granite Wash add rigs when the Eagle Ford loses rigs. 

Shale gas plays lost 1 rig in the Utica.

 

By Art Berman for Oilprice.com




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