Topic: Concho Resources

Ask-the-Analyst March 2019

Thursday 3/28Ask-the-Analyst: Todd Bush, Boyd Skelton, and Jonathon Clark. Do you know how many fracs have occurred in the Eagle Ford since the start of 2017? Also, how much proppant was consumed during that time? Find out tomorrow. #OilandGas #Energy #eagleford #shaleNumber of fracs in the Eagle Ford basin up 4% in 2018 compared to 2017. Proppant consumption also increased by 17% during time same time period as operators used more than 24 million tons of frac sand. Tuesday 3/26Ask-the-Analyst: Todd Bush,...

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Evolution of Permian Pad Drilling: Cube Development and the Pad Complex in Drilling Factories

The U.S. land rigs have been increasing along with the WTI price since mid-2016. In 2018, the US active land rig count was up 17% from the previous year. Energent's Rig Insights page suggests that currently there are 1,013 rigs operating as of last week of February. On a basin-by-basin level, the drilling activity in the Williston increased by 36% Y-o-Y, while the Eagle Ford and MidCon increased by 26% and 20%, respectively.Multi-well pad drilling is more mature in...

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Land Rigs down to 800 by Summer?

The Baker Hughes US Land Rig Count declined to 1,058 down -5.6% this week. WTI fluctuated today hovering around $45 per barrel. Here's a summary chart for the past week:Summary of Shale Play Rig CountsPermian Basin -6.6% to 311 rigs compared to last week’s 333 rigs Eagle Ford -2.0% to 146 rigs compared to 149 the prior week Williston Basin -3.7% to 104 from last week’s 108 rigs Marcellus +1.6% to 63 from the previous week's 62 rigs Mississippian -4.5% to 42 from last week's 44 rigs DJ-Niobrara -5.9% to 32...

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