Monday, October 14, 2013

3rd Quarter Baker Hughes Well Counts released

On Friday Baker Hughes released the preliminary Q3 well spud counts by basin, along with average rig counts in each.  No distinction is made between oil and gas rigs, so the data is less useful in basins with separate oily and gassy windows, like the Eagle Ford. Nevertheless, here are the implied drill times in several gassy basins, with very little improvement shown over Q2: