Three top operators have consistently increased their drilling programs since early December, as shown by a review of biweekly rig counts by The Land Rig Newsletter’s Biweekly Report. EOG added the most rigs during that stretch, with a burst of activity that accelerated sharply last month. EOG’s total count jumped by 22 since the biweekly period ended December 4, 2009, to 59 rigs for the period ended March 12. EOG also turned up among the top four operators in three of the major unconventional plays, with a combined 26 rigs in the Barnett, Bakken, and Eagle Ford shales. For the period ended Dec. 4, EOG didn’t make any of the top four unconventional play lists.
Among the other top two consistent gainers since December, EnCana is now running 46 rigs, up 14, and Sandridge has added 13 rigs to its present 22 active units. Other companies that have had growing programs in that timeframe—but not necessarily consecutive biweekly increases—are Chesapeake (+19), Forest (+11), Pioneer Natural (+7), Anadarko and Cimarex (each +6), and Southwestern (+5).