Mid Continent Rig Count Summary
Rig count in the Mid Con last 30 days, report date Oct 29 2021. We are tracking 208 Oil & Gas Operators and 469 drilling rigs that drilled wells in 108 counties located in the Mid-continent. The Mid-continent rig count report contains information about drilling rigs and Operators in multiple oil & gas plays and basins located in Texas, Oklahoma, Mew Mexico and Louisiana.
- Top Oil & Gas Operators by rig count Include; Pioneer Natural Resources Company (24 rigs), Eog Resources, Inc. (20 rigs), Devon Energy Corporation (16 rigs), Mewbourne Oil Company (18 rigs), Conocophillips Company (16 rigs)
- Top Mid Con State by Drilling Rig Count; Texas (307), New Mexico (84), Louisiana (34) and Oklahoma (44)
- Top Mid Con County by Drilling Rig Count; Lea (46 rigs), Midland (32 rigs), Reeves (24 rigs), Eddy (25 rigs), Loving (16), Martin (20)
The report includes drilling rigs in the Mid-continent last 30 days, related oil & gas Operators and location information like county & nearest city. (Mid Continent Rig Count Oct 29 2021 report date)
Mid Continent Well Spud Average
In statistics, a moving average is a calculation to analyze data points by creating a series of averages of different subsets of the full data set. It is also called a moving mean or rolling mean and is a type of finite impulse response filter. We collect all the wells drilled in Texas, Oklahoma, New Mexico and Louisiana to forecast the drilling rig trend in the market.
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Mid-continent Drilling Rigs Count Last 30 Days
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About Enerlead Mid-continent Drilling Rig Count Report
Mid-continent oil field contains multiple oil & gas plays and basins these include:
- Austin Chalk 650-mile long geological formation, stretching underground from the Mexico-Texas border, through central Louisiana and into Mississippi. Austin Chalk holds about 4.1 billion barrels of crude, 18 trillion cubic feet of gas and 1 billion barrels of natural-gas liquids. Austin Chalk oil recoveries since 2018 averaged 60% higher than those of the Lower Eagle Ford
- Barnett Shale gas play refers to an extensive gas development project covering portions of at least 18 counties in the northeast portion of the Bend arch Fort Worth Basin in Texas. The core area of the Barnett Shale is in Denton, Johnson, Tarrant and Wise counties, and is largely dry gas, although Wise County is generally oilier.
- Delaware Basin is a hydrocarbon rich sedimentary basin that lies within the Permian Basin. The Delaware Basin covers around 6.4 million acres in far West Texas and South Eastern New Mexico. It is located in an arid southwestern portion of the United States of America
- Eagle Ford in Texas is the most mature tight oil play in the Lower 48 current, oil and natural gas production of 2.5 million barrels of oil equivalent per day. Measuring 400 miles long and 50 miles wide along the Texas Gulf Coast, the Eagle Ford basin is spread over 12,000 square miles in South and central Texas.
- Permian Basin is a shale basin about 250 miles wide and 300 miles long, spanning parts of west Texas and southeastern New Mexico. It includes the highly-prolific Delaware and Midland sub-basins.
- STACK play is located in the Anadarko Basin area of Oklahoma. STACK is derived from “Sooner Trend (oil field), Anadarko (basin), Canadian and Kingfisher (counties).” The majority of the play is located across (Canadian and Kingfisher as the core counties) and Blaine, Major, Garfield counties. Unlike Plays such as the Eagle Ford, Bakken, Granite Wash, the STACK is not a geological formation, but a geographic referenced area.
- Wolfcamp formation extends across the Delaware Basin, Central Basin Platform, and Midland Basin—the three sub-basins that comprise the Permian Basin. The Wolfcamp play has helped drive overall crude oil and natural gas production growth in the Permian Basin during the past decade. Crude oil production in the Wolfcamp accounts for nearly one-third of total Permian crude oil production and more than one-third of Permian natural gas production.