Interesting Graphs
Thought I'd put these in here for everyone's info. The first is the NYMEX futures curve for the next 3 years and the second is the Land Gas Rig Count. We've gone from 1600 rigs to 1200 rigs in 4 months. At some point, supply will take it in the shorts but we're still getting killed by demand reductions. Hopefully these will come into balance by the end of 2009 or so!
Views: 61
- Attachments:
-
-
Futures.jpg, 33 KB -
RigCount.jpg, 23 KB
-
Replies to This Discussion
-
Permalink Reply by sesport on -
Just asking ... could it be that rig count drops because of directional drilling? Not as many needed as traditional verticals?
-
Permalink Reply by Grillin' - MmmMmm on
-
Actually, you can see the rapid rise in rigs to 1600? That was during the heart of the uptick in horizontal drilling.
There are also stats of horizontal vs vertical drilling rigs that are active. I don't have those plots though.
Support GoHaynesvilleShale.com
Top Content
Blog Posts
The Lithium Connection to Shale Drilling
Shale drilling and lithium extraction are seemingly distinct activities, but there is a growing connection between the two as the world moves towards cleaner energy solutions. While shale drilling primarily targets…
ContinuePosted by Keith Mauck (Site Publisher) on November 20, 2024 at 12:40
Not a member? Get our email.
Groups
-
Franklin County, Texas
9 members
-
Cass County, TX
120 members
-
Rusk County
97 members
-
Livingston Parish, LA
34 members
-
San Augustine, TX
386 members
-
Miller County, Arkansas
27 members
-
Sabine Parish, LA
455 members
-
South Caddo Parish Group
440 members
-
Natchitoches Parish
400 members
-
Bienville Parish, LA
244 members
© 2024 Created by Keith Mauck (Site Publisher).
Powered by
