Topic: Refrac Market

Permian Part 1 of 2: Even $30 Oil Can’t Hold Back Delaware Basin Activity

Many operators turn their focus to the Permian as their “core” basin in 2015. The operators rely on the play to have the best economics to produce in this low priced environment, so we took a deeper dive into specific areas to show a more detailed view of activity. Part one of this article will go into the Delaware Basin and will be followed up with part 2 in the Midland basin next week. Stay ahead of your competitors by knowing DUCs by...

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Less Volatility and +0.4% More Rigs This Week

The Baker Hughes (BHI) US land rig count improved this week by adding 3 rigs, bringing the count to 844 rigs from last week's 841 rigs (a 0.4% increase). For the week, -2 horizontal rigs were dropped while +4 vertical rigs and +1 directional rig were added. Fayetteville saw the most action, adding +2 rigs and bringing the count to 8 rigs from last week's 6 rigs. There was also activity in the miscellaneous category adding +6 rigs, half of which were horizontal and...

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Rig Count Trends for 2015

As the Baker Hughes (NYSE: BHI) rig count continues its downward trend from the end of 2014, we look forward to the activity in 2015. Many operators are continuing to prepare for the worst in 2015 and many are front-loading activity to the first quarter of 2015 and dropping rig counts lower as the year progresses if oil prices don’t improve. Eagle Ford According to the BHI historical rig count, activity has declined 32% from the start of 2015, bringing the count...

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Rig Count Declines -3.8% along with Oilfield Businesses

The Baker Hughes US Land Rig Count declined to 1196, down -3.8% this week. WTI fluctuated this week and ended just below $50 per barrel. Here's a summary chart for the week:Summary of Shale Play Rig CountsPermian Basin -1.9% to 355 rigs compared to last week’s 362 rigs Eagle Ford -1.9% losing -3 rigs to 157 rigs compared to 160 the prior week Williston Basin -12 rigs to 111, down -9.8% compared to last week’s 123 rigs Mississippian -2.1% bringing the count down to 47 active...

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