E&P company working capital data points to the Permian, Eagle Ford, and Niobrara unconventional plays as the more likely focal points of renewed drilling in the event of a significant recovery in oil and/or gas prices. The RigData News & Analysis team, writing in the RADAR Report, sampled 55 E&P firms and found that this group collectively had $13 billion in working capital as of March 31, 2015, to deploy primarily across the unconventional plays. The working capital data points to the Permian, notably the Midland Basin and its previous strong activity in the Wolfcamp Shale, as to where drilling activity will first surge during a recovery. However, the No. 2 slot be may a toss-up. The Niobrara resembles the Permian in terms of improving its working capital vs. 2014 and thus would take this slot. But in absolute terms, the working capital focused on the Eagle Ford is more than double what’s available in the Niobrara. Both will stand out early in a recovery because of their appetites for additional rigs relative to the overall industry.