• 4 minutes England Running Out of Water?
  • 7 minutes Trump to Make Allies Pay More to Host US Bases
  • 10 minutes U.S. Shale Output may Start Dropping Next Year
  • 14 minutes Washington Eyes Crackdown On OPEC
  • 1 hour One Last Warning For The U.S. Shale Patch
  • 12 hours Russian Effect: U.S. May Soon Pause Preparations For Delivering F-35s To Turkey
  • 9 hours Chile Tests Floating Solar Farm
  • 4 hours China's Expansion: Italy Leads Europe Into China’s Embrace
  • 20 hours Poll: Will Renewables Save the World?
  • 45 mins China's E-Buses Killing Diesel Demand
  • 20 hours New Rebate For EVs in Canada
  • 11 hours Trump Tariffs On China Working
  • 1 hour Trump sells out his base to please Wallstreet and Oil industry
  • 11 hours Biomass, Ethanol No Longer Green
  • 1 day Boeing Faces Safety Questions After Second 737 Crash In Five Months
  • 22 hours The Political Debacle: Brexit delayed
  • 13 hours Read: OPEC THREATENED TO KILL US SHALE
  • 18 hours 3 Pipes: EPIC 900K, CACTUS II 670K, GREY OAKS 800K
Alt Text

Oilfield Services Might Not Fully Recover Till 2025

The global oilfield service sector’s…

Alt Text

Oil Falls After EIA Reports Large Crude Build

Oil prices continued to fall…

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 4th March 2016

The total land rig count dropped 10 to 463 and the horizontal rig count fell 8 to 389 rigs.

Tight oil plays lost 8 rigs: Bakken (-3), Eagle Ford (-1) and Permian (-2), Niobara (-1) and Mississippi Lime (-1).

Shale gas plays gained 2 rigs: Haynesville (+2), Marcellus (-1) and Woodford (+1). Utica, Barnett and Fayetteville were unchanged.

(Click to enlarge)

This week represents a fairly pronounced change in the rate of rig count decline over the last several weeks. I don't think it means much by itself unless the trend continues.


(Click to enlarge)

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
  • Michael H on March 07 2016 said:
    Another great article.
    I'm still fairly naive to most of the oil producing world but if I'm not mistaken, isn't the horizontal rig count in the U.S. somewhat challenging to quantify from a production point of view in our traditional measures as each rig can have more than one bore?
    I use bore as that is all I can think of to say more than one drilling into a deposit.
    Also, the horizontal rigs that are active as compared to those that are drilled but not yet brought online as far as actually producing oil is not a whole other animal again?
    As we've all read over the downturn of the rig count, there are many that are just are waiting to be 'turned on' to start pumping once the necessary price is met for the producer by the market?
    Nonetheless this all seems very exciting given the pounding the industry and it's beloved investors have gone through since late 2014 as we now seem to be slowly and in fits and starts, coming to a trade to the upside in price which should be more profitable for those investors who can hold their nerve at each trough.
  • Anon on March 24 2016 said:
    Micheal,
    Horizontal rigs do not pump nor produce oil.
    It sounds like you have a "horizontal oil well" mixed up with the "horizontal rig", which is the huge machine that drills the well.

Leave a comment




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