Friday, March 13, 2015

Oil & Gas Drilling Rig Efficiency Increasing Dramatically

From the Energy Information Administration:
Drilling Productivity Report
Release Date:  March 9, 2015 

New-well oil production per rig
barrels/day

New-well gas production per rig
thousand cubic feet/day
Region March 2015 April 2015 change   March 2015 April 2015 change
Bakken 577 592 15   584 595 11
Eagle Ford 660 680 20   1,712 1,732 20
Haynesville 24 24 -   5,844 5,955 111
Marcellus 36 36 -   8,083 8,130 47
Niobrara 432 455 23   1,881 1,906 25
Permian 202 240 38    402 459 57
Utica 225 234 9    4,603 4,738 135
Rig-weighted average             352          374                  22   1,844 2,025 181


...MORE

If interested:

October 2013
Rethinking rig count as a predictor of natural gas production

November 2013
Oil&Gas: A Deep Dive Into the EIA's New Metric, Rig Productivity