Topic: Continental Resources

US Land Rigs Down -2.7%, Bakken Pace Slowing

The Baker Hughes US Rig Count for Land Rigs declined -2.7% this week to 1557 from 1599. The horizontal rig count dropped to 1223 down -24 from last week. Vertical Rigs Continue to Drop The vertical rigs operating onshore are now down to 334, including the directional rigs. In January of 2014, there were 530 vertical rigs compared to this week's number of 334 that is -37% decline in activity.  Texas was hit hard, going from 310 last year to 186 a -40% decline....

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Permian down 28 Rigs, US Land Rigs Drop to 1673

According to the Baker Hughes Rig Count, US Land Rigs declined -3.6% this week to 1673 from 1735.  The horizontal drilling activity is 77% of the total rig count. Permian Drops 28 Rigs Permian Basin is -28 compared to previous week and +63 compared to last year at this time. 30% of the US land rigs operate in the Permian Basin. Eagle Ford declined 3 rigs to 197. At this time last year, there were 227 rigs operating in Eagle Ford, -30. Click...

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