July 2015, Vol. 242, No. 7

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Declining Rig Count in U.S. Tight Formations

The count for both horizontal and vertical rigs in U.S tight formations has declining drastically from October 2014. This article discuss the declining rig count in the seven major Energy Information Administration (EIA) U.S. oil and natural gas regions. The rig counts in these seven regions have significantly reduced in number in the recent months and continued to drop for the seventh straight month. The total count as of April is almost equal to that in January 2010. Though the rig count data is available for the past several years, this article looks at the data for the last five years (January 2010-April 24, 2015). EIA’s Drilling Productivity Report (DPR) regions are delineated

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