RigData Insights

Gas & Liquids Provide Suggestions Of Sustainable Drilling In Shale Plays

  • Tuesday, March 24, 2015
  • Posted By Unknown
Having a good mix of gas and liquids continues to suggest sustained drilling activity in some shales, according to RigData’s RADAR Report. Eagle Ford Shale permits more than doubled in mid-March in the play’s most prolific counties for condensate and wet gas: La Salle, De Witt, and Dimmitt counties. Correspondingly, Marcellus Shale permits increased predominantly in West Virginia’s core counties for wet gas: Ritchie, Doddridge, and Wetzel counties. With another week of diminishing rig counts, shale plays with oil/liquids production decreased more than shale gas plays. The overall rig count in oil/liquids shale plays decreased by 11%, with the biggest percentage drop in the Ardmore Woodford, down -25%. Similarly, the Bakken and Eagle Ford areas each saw a decrease of -14% in their rig counts. Overall, the Bakken is utterly collapsing, as its active rig count slipped below 100 for the first time since (briefly) 4Q 2010. The play that has done more than any other to contribute to the spectacular US oil production growth of the past 5 years has shed nearly half of its rigs just since mid-September.




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