• 4 minutes Oil Price Could Fall To $30 If Global Deal Not Extended
  • 7 minutes Middle East on brink: Oil tankers attacked off Oman
  • 11 minutes CNN:America's oil boom will break more records this year. OPEC is stuck in retreat
  • 14 minutes The Latest: Iranian FM Says US Cannot Expect To ‘Stay Safe’
  • 15 mins The Pope: "Climate change ... doomsday predictions can no longer be met with irony or disdain."
  • 2 hours The Plastics Problem
  • 5 hours Coal Boom in Asia is Real and a Long Trend
  • 13 hours Hydrogen FTW... Some Day
  • 15 hours GM Considering Electric Hummer
  • 5 mins Solar Panels at 26 cents per watt
  • 2 hours The Magic and Wonders of US Shale Supply: Keeping energy price shock minimised: US oil supply keeping lid on prices despite global risks: IEA chief
  • 1 day Forbes: Giant Floating Solar Farms Could Extract CO2 From Seawater, Producing Methanol Fuel.
  • 11 hours As Iran Nuclear Deal Flounders, France Turns To Saudi For Oil
  • 1 day OPEC, GEO-POLITICS & OIL SUPPLY & PRICES
  • 23 hours China's President Xi To Visit North Korea This Week
  • 2 hours Why Is America (Texas) Burning Millions of Dollars Per Day Of Natural Gas?
  • 22 hours Russia removes special military forces from Venezuela . . . . Maduro gone by September ? . . . Oil starts to flow ? Think so . .

Breaking News:

Oil Stabilizes On Small Crude Draw

Alt Text

Russia Is Silently Preparing For An OPEC+ Deal Extension

Russia’s largest oil producer Rosneft…

Alt Text

U.S. Total Oil Output Poised To Set New 2019 Record

US oil production keeps accelerating…

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:




Download The Free Oilprice App Today

Back to homepage

Trending Discussions


Leave a comment

Leave a comment





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