RigData Insights

Operator Drilling Update

  • Thursday, June 23, 2016
  • Posted By

Of the 94 operators who have each drilled more than 100 wells in the past 18 months (as of June 10), nearly 20% (16) had not drilled a new well in the prior 3 weeks, according to RigData’s RADAR Report.


By contrast, 13 operators started their drilling campaigns 3 weeks prior, and 4 of this group had not drilled a single well in the previous 18 months. Most of the firms recently restarting drilling operations were private companies.


Texas hosted the most new drilling with 4 wells in the Permian, 2 in East Texas, 2 along the Gulf Coast, and 1 in the Granite Wash. The Appalachian region tied Louisiana for host to the next largest concentration of new activity, with 3 spuds in Armstrong County, Pennsylvania, and 1 spud in Monroe County, Ohio.


The 4 new spuds in Louisiana were spread out across the Gulf Coast, 3 of which were oil wells. The final remaining new spud by the group of resumptive operators was in Escambia County, Alabama, and also targeted an oily formation.


Call 1-800-627-9785 to subscribe to RigData’s RADAR (Rigs and Drilling Analytics Report), the leading statistical monitor of land rig market activity.




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