Number of rigs in the Fayetteville declined by 33%. Second highest decline, only exceeded by the Arkoma Woodford which was down 75%.

Views: 265

Replies to This Discussion

Decrease in activity directly tied to gas prices IMO. Companies hopefully have acreage HBP and can "bank" the gas reserves for future drilling / production (and hopefully higher prices)

As an update.... June 2014The rig count may improve as I see higher prices appears to have jarred Billiton and XTO off the sidelines and both appear to have more wells to drill.

RSS

Support GoHaynesvilleShale.com

Not a member? Get our email.

Groups



© 2024   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service