• 5 minutes Oil prices forecast
  • 8 minutes Nuclear Power Can Be Green – But At A Price
  • 11 minutes Projection Of Experts: Oil Prices Expected To Stay Anchored Around $65-70 Through 2023
  • 16 minutes Europe Slipping into Recession?
  • 42 mins *Happy Dance* ... U.S. Shale Oil Slowdown
  • 1 day U.S. Treasury Secretary Mnuchin Weighs Lifting Tariffs On China
  • 4 hours Socialists want to exorcise the O&G demon by 2030
  • 23 hours Chevron to Boost Spend on Quick-Return Projects
  • 8 hours Germany: Russia Can Save INF If It Stops Violating The Treaty
  • 17 hours Connection Between Climate Rules And German's No-Limit Autobahns? Strange, But It Exists
  • 7 hours Maritime Act of 2020 and pending carbon tax effects
  • 1 day UK, Stay in EU, Says Tusk
  • 23 hours Conspiracy - Theory versus Reality
  • 2 days What will Saudi Arabia say? Booming Qatar-Turkey Trade To Hit $2 bn For 2018
  • 1 day Regular Gas dropped to $2.21 per gallon today
  • 2 days German Carmakers Warning: Hard Brexit Would Be "Fatal"
Alt Text

Bearish Bets On Diesel Tell A Worrying Story

Negative sentiment is growing in…

Alt Text

There’s No Sugarcoating Canada’s Oil Crisis

Beyond heavy oil production in…

Alt Text

Canada’s Crude Oil Production Cuts Are Unsustainable

With Canada’s pipeline bottlenecks weighing…

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

Rig Count Update: Moment of Truth for the Permian Basin?

The U.S. land rig count fell 17 to 590 and the horizontal land rig count fell 13 to 487.

Horizontal Land Rig Count Update

This week, the Permian basin horizontal rig count fell by 13 while the Bakken and Eagle Ford were unchanged.

Is this a moment of truth for the Permian basin plays?

I have shown that those plays are commercially less attractive than the Bakken and Eagle Ford because of lower EUR and comparable costs. A positive aspect of the plays is higher early flow rates and, therefore, more cash flow.

 

Another factor in the plays' popularity among operators may have been the sizable uplift in drilling productivity earlier in 2015 compared with other tight oil plays. Related: Do Canadians Want To Stay In The Oil Business?

 

The shale gas rig count fell 2 with the Barnett and Marcellus each losing 1 rig. Utica, Woodford and Haynesville were unchanged. Related: Israeli Minister Stirs Pot With Call For Independent Kurdish Nation

 

This week, the Bureau of Economic Geology published a summary article of their research on the Haynesville Shale play

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