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The $80 Billion Megaproject Splurge In Oil

The growing lineup of megaprojects…

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…

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Horizontal Land Rig Count Summary 1st April 2016

Horizontal Land Rig Count Summary 1st April 2016

Horizontal rigs fell by 13 to 346 and total land rigs fell 12 to 420.

 

(Click to enlarge)

Tight oil rigs fell by 10. Permian and Granite Wash each lost 4. The Bakken lost 2 and the Mississippi Lime lost 1 while the Eagle Ford gained 1 rig.

Shale gas rigs fell by 1 in the Marcellus.

By Arthur Berman for Oilprice.com

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