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U.S. Land Industry Review
| December 21, 2010
The number of rigs prospecting for unconventional resources has remained relatively stable since midyear. As of early December, there were 783 rigs drilling in unconventional plays, compared to 751 in mid-July, according to The Land Rig Newsletter’s Unconventional Drilling Report. There were 158 active rigs in the Haynesville, down from 180 in July, and 106 units in the Eagle Ford, up from 73 in July. The Marcellus saw the second greatest jump, as its count surged by 28 to 139. Meanwhile, the Bakken continues to impress, as the play attracted another 14 rigs, bringing its total to 125. The Land Rig Newsletter team expects the number of rigs drilling for unconventional resources to remain range-bound in the near term, tracking 750–800 units. As long as commodity supply/demand fundamentals continue to remain irrelevant, the overarching theme is one of asset-driven drilling for natural gas, coupled with renewed interest in liquids for liquid’s sake. | More U.S. Land Industry Reviews |
| Gulf of Mexico Industry Review December 20, 2010
Rig Utilization Total mobile rig utilization in the Gulf of Mexico declined this week... Read More >>> Headline News Chevron Corporation has sanctioned development of its $4 billion Big Foot project... Read More >>> Operator News Amberjack Pipeline Company, LLC, a joint venture between Chevron Pipe Line Company and Shell Pipeline Company.... Read More >>> Driller News Dynamic Offshore Resources NS, LLC has taken jackup Hercules 253 for a well in Galveston Block 241... Read More >>> Service/Supply News FMC Technologies, Inc. has signed an agreement with Norske Shell... Read More>>> |