As of 12 May, only 339 oil and natural gas drilling rigs were operating in the US, the lowest since the numbers were recorded in 1987—marking a 56% decline (433 rigs) since 17 March. Most of the decrease was in oil-focused geologic plays, but natural-gas-focused plays also saw declines.
Within that 2-month period, 71% (308 rigs) of those taken out of service were in the top three US crude-oil-producing regions: the Permian, Eagle Ford, and Bakken. In mid-March, the Permian region had 405 operating rigs; by 12 May, that number had fallen by 57% to 175 rigs. The Eagle Ford and Bakken regions saw similar declines in that period, losing 64% and 69% of their rig counts, respectively.
https://pubs.spe.org/en/jpt/jpt-article-detail/?art=7075
No comments:
Post a Comment