• 3 minutes The World Economic Forum (WEF) - Davos 2022 Conference held this last week of May
  • 8 minutes How Far Have We Really Gotten With Alternative Energy
  • 12 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 37 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 18 hours Natural Gas is the Cleanest and most Likely Source of Energy to Fuel the World.
  • 3 days "Russia will stop 'in a moment' if Ukraine meets terms - Kremlin" by Reuters via Yahoo News...but Reuters suddenly cut out the balanced part of the story.
  • 2 days Advancing Fundamental Drilling Science - Geothermal drilling successes offer potential gain for petroleum industry
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

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:


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News