Period: Last 30 Days
Focus: Spud Wells, Rig Activity, Operator & Contractor Insights
📊 Market Snapshot
- WTI: $87.95
- Louisiana Light Sweet: $100.46
- Henry Hub Gas: $2.69
- U.S. Rig Count: 543 (↓ 2 rigs WoW)
- Louisiana Total Rig Count: 41
- Offshore (Gulf): 11 rigs (↓ WoW)
📍 Louisiana Activity Overview
- Total Wells Spud: 26
- Onshore Permits: 7 (4 parishes)
- Offshore Permits: 1 (Anadarko)
Regional Split
- North Louisiana (Haynesville): 25 rigs (steady)
- South Louisiana: 5 rigs (steady)
- Offshore: 11 rigs (decline)
📊 Spud Activity by Operator
| Account | Wells Spud |
|---|---|
| Expand Energy | 5 |
| Apex Natural Gas | 5 |
| BPX | 3 |
| Comstock Resources | 3 |
| Azul Operating | 2 |
| Others (6 operators) | 8 |
👉 Top 2 operators (Expand + Apex) = 38% of total activity
📊 Spud Activity by Parish
| Parish | Wells Spud |
|---|---|
| DeSoto | 8 |
| Caddo | 4 |
| Natchitoches | 3 |
| Sabine | 3 |
| Red River | 3 |
| Calcasieu | 1 |
| Terrebonne | 1 |
| Webster | 1 |
| Bienville | 1 |
| Offshore (South Pass) | 1 |
👉 DeSoto Parish = 31% of all spuds (core Haynesville hotspot)
🏆 Top 5 Operators – Contractors & Rigs
| Operator | Wells | Contractors | Active Rigs |
|---|---|---|---|
| Expand Energy | 5 | Multiple | Expand 502, 503, 504; Cactus 149 |
| Apex Natural Gas | 5 | Precision, Independence | Precision 609; Independence 336, etc. |
| BPX | 3 | Helmerich & Payne (H&P) | H&P 424, 420, 256 |
| Comstock Resources | 3 | Patterson, Nabors | Patterson 279, 905; Nabors X01 |
| Azul Operating | 2 | Precision, Independence | Precision 582; Independence 334 |
🧭 Operator Activity (Field Context)
North Louisiana (Haynesville Focus)
- Expand Energy: Active across DeSoto, Sabine, Red River
- Apex Natural Gas: Concentrated in Caddo & Natchitoches
- Comstock / BPX: Core DeSoto + Red River presence
- Azul / GEP / Aethon: Smaller but consistent contributors
South Louisiana
- Fragmented activity:
- Magnetar (Lafourche)
- Hilcorp (Terrebonne – inland waters)
- Highlander (St. Martin – inland waters)
🔎 Key Insights for Sales & BD
1. Haynesville Dominance
- North Louisiana = ~80%+ of activity
- DeSoto Parish is the clear epicenter
2. Operator Concentration
- Top 4 operators control ~62% of drilling
- Strong repeat drilling programs → predictable demand cycles
3. Contractor Alignment
- H&P → BPX
- Patterson/Nabors → Comstock
- Precision/Independence → Apex & Azul
👉 Clear account–contractor pairing strategy for targeting
4. Rig-Level Opportunity Signal
- Repeated rig usage suggests:
- Pad drilling programs
- Multi-well campaigns
- Ongoing service demand (not one-off jobs)
Author: phinds
