Horizontal Land Rig Count Summary 18th March 2016

By Arthur Berman - Mar 20, 2016, 5:46 PM CDT

The U.S. horizontal land rig count fell 6 to 369 and the total land rig count fell 4 to 446.

Tight oil rigs dropped 3. The Bakken decreased 1, the Permian, 2 and the Niobrara, 1 while the Eagle Ford increased by 1.

Shale gas rigs fell 5. The Woodford decreased 4 and the Utica, 1.

(Click to enlarge)

By Art Berman for Oilprice.com

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Arthur E. Berman is a petroleum geologist with 36 years of oil and gas industry experience. He is an expert on U.S. shale plays and… More

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Kr55 - 21st Mar 2016 at 12:07am:

Yet the increase of 1 rig overall is being sold everywhere as absolute proof of the resiliency of shale producers and how shale production is going to explode through the roof when oil is over $40.