• 3 minutes Don't sneeze. Coronavirus is a threat to oil markets and global economies
  • 5 minutes Boris Johnson taken decision about 5G Huawei ban by delay (fait accompli method)
  • 9 minutes This Battery Uses Up CO2 to Create Energy
  • 12 minutes Shale Oil Fiasco
  • 7 hours Historian Slams Greta. I Don't See Her in Beijing or Delhi.
  • 2 hours Governments that wasted massive windfalls
  • 1 day Let’s take a Historical walk around the Rig
  • 5 hours We're freezing! Isn't it great? The carbon tax must be working!
  • 10 hours Trump has changed into a World Leader
  • 3 days US (provocations and tech containment) and Chinese ( restraint and long game) strategies in hegemony conflict
  • 20 hours Beijing Must Face Reality That Taiwan is Independent
  • 1 day Yesterday POLEXIT started (Poles do not want to leave EU, but Poland made the decisive step towards becoming dictatorship, in breach of accession treaty)
  • 1 day Tesla Will ‘Disappear’ Or ‘Lose 80%’ Of Its Value
  • 3 days Might be Time for NG Producers to Find New Career
  • 42 mins 2nd Annual Great Oil Price Prediction Challenge of 2019
  • 7 hours Trump capitulated
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 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




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
Download on the App Store Get it on Google Play