• 2 minutes CV19: New York 21% infection rate + 40% Existing T-Cell immunity = 61% = Herd Immunity ?
  • 4 minutes Is The Three Gorges Dam on the Brink of Collapse?
  • 7 minutes Sources confirm Trump to sign two new Executive orders.
  • 3 hours Is the oil & gas industry on the way out?
  • 25 mins COVID is real now
  • 13 hours In a Nutshell...
  • 18 hours Better Days Are (Not) Coming: Fed Officials Suggest U.S. Recovery May Be Stalling
  • 13 hours Australian renewables zone attracts 27 GW of solar, wind, battery proposals
  • 2 days Where is Alberta, Canada headed?
  • 4 hours The Boris Yeltsin of America
  • 3 days No More Love: Kanye West Breaks With Trump, Claims 2020 Run Is Not A Stunt
  • 24 hours Why Oil could hit $100
  • 3 days Putin Paid Militants to Kill US Troops
  • 3 days During March, April, May the states with the highest infections/deaths were NY, NJ, Ma. . . . . Today (June) the three have the best numbers. How ? Herd immunity ?
  • 3 days The Coal Industry May Never Recover From The Pandemic
  • 3 days A Real Reality Check on "Green Hydrogen"
Canada’s Oil Patch Is Bringing Production Back Online

Canada’s Oil Patch Is Bringing Production Back Online

Encouraged by higher oil prices,…

Why The Bakken May Not Come Back

Why The Bakken May Not Come Back

The Bakken shale is already…

The Oil Bulls Betting On $150 Crude

The Oil Bulls Betting On $150 Crude

Oil markets aren’t out of…

Arthur Berman

Arthur Berman

Arthur E. Berman is a petroleum geologist with 36 years of oil and gas industry experience. He is an expert on U.S. shale plays and…

More Info

Premium Content

Horizontal Land Rig Count Summary 11th March 2016

Total U.S. land rig count fell 13 to 450 rigs and horizontal land rig count fell 14 to 375 rigs.

Tight oil plays lost 10 net rigs, 6 in the Permian, 2 in the Eagle Ford, 1 in the Bakken and 2 in the Granite Wash with the Mississippi Lime gaining 1 rig.

Shale gas plays gained 1 net rig adding 2 in the Marcellus and losing 1 in the Utica.

(Click to enlarge) Related: $67 Oil Has All The Majors Converging Here

The total U.S. rig count has plunged to a 41 year low.

 

(Click to enlarge)

Source: Bloomberg Related: Choking And Lifting Preventing The Decline In U.S. Shale?

The loss of 14 horizontal rigs was greater than last week's drop of 8 but less than rig count losses over the last 6 weeks.

 

 

(Click to enlarge)

Source: Bloomberg

U.S. total output continues to decline, but slower than many may have thought.

By Art Berman for Oilprice.com

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News