Fayetteville Activity

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

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Permalink Reply by Rock Man on June 20, 2013 at 5:09

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)

Permalink Reply by Lerret on June 27, 2014 at 6:20

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.

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