Outrun Change

We need to learn quickly to keep up with the massive change around us so we don't get run over. We need to outrun change.

Count of drilling rigs end of August 2012 – 192 and 270 for combined total of 462

192  – Bakken – from the current active drilling rig list at the N.D. Department of Mineral Resources website on 8-31-12.

270 – Eagle Ford – from EagleFordShale blog.

That is down 16 and no change since my August 2 post. The Eagle Ford count dropped a bit during the month and recovered, so no change from month-end to month-end.

Don’t worry about the drop in rig count. I think it reflects improved productivity. Walking rigs can move from one spot on a pad to another spot, which save several days.

For the last few months, the Bakken, Eagle Ford, and total count has been:

  • Aug 192, 270, 462
  • July 208, 270, 478
  • June 215, 278, 493
  • May 215, 276, 491

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One thought on “Count of drilling rigs end of August 2012 – 192 and 270 for combined total of 462

  1. Pingback: “Peak Oil” = “Peak Idiocy” – #10 in a series « Outrun Change

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