• 4 minutes Your idea of oil/gas prices next ten years
  • 7 minutes WTI Heading for $60
  • 13 minutes Could EVs Become Cheaper than ICE Cars by 2023?
  • 6 hours Is California becoming a National Security Risk to the U.S.?
  • 23 hours Pence says South China Sea Doesn't Belong To Any One Nation
  • 1 day Anyone holding Nvidia stock?
  • 13 hours Why does US never need to have an oil production cut?
  • 2 days UK Power and loss of power stations
  • 1 day Germany Discusses Lifting Ban on Deporting Syrians
  • 1 day China Claims To Have Successfully Developed a Quantum Radar That Can Detect 'Invisible' Fighter Jets
  • 5 hours US continues imports of Russian gas which it insists Europe should stop buying
  • 2 days OPEC Builds Case For Oil Supply Cut
  • 2 days At U.N. climate talks, US Administration Plans Sideshow On Coal
  • 2 days I Believe I Can Fly: Proposed U.S. Space Force Budget Could Be Less Than $5 Billion
  • 2 days Good Sign for US Farmers: Soybean Prices Signals US-China Trade Deal Progress
  • 2 days Plastic Myth-Busters
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

Trending Discussions

Horizontal Land Rig Count Summary 26 February 2016

The horizontal rig count fell 18 to 397 while the total land rig count fell by only 14 to 473. It happens sometimes.

The biggest losers this week were in tight oil plays. The Eagle Ford lost 6 rigs, the Permian, 5 and the Bakken was unchanged. Shale gas lost 2 rigs. The Haynesville lost 2 rigs, the Utica, 1 and the Woodford gained 2 rigs.

(Click to enlarge) 

So far this year, among the tight oil plays, the biggest loser of total rigs is the Permian, down 38 (22%) horizontal rigs. The Eagle Ford is down 28 (38%) and the Bakken is down 17 (32%).

Among the shale gas plays, the Haynesville has lost the most total rigs at 13 (54%). The Marcellus is down 11 (36%), the Woodford, 5 (11%) and the Utica, 4 (25%). The Fayetteville lost its final rig in the second week of January.

By Art Berman for Oilprice.com

More Top Reads From Oilprice.com:




Back to homepage

Trending Discussions


Leave a comment

Leave a comment




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