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Saturday, July 17, 2010

73 Wells Coming Off the Confidential List in August

Only 53 wells came off the confidential list in July, 2010.

73 wells come off the confidential list in August, 2010. 

So far, for September, 2010, 68 wells are on the confidential list.

Jumping ahead, for December, 2010, 103 wells are on the confidential list. The jump in the number of wells is probably due to two reasons:
  • Increased activity from record number of active rigs
  • Companies like EOG don't frack during the winter
If EOG fracks a well in March, it can then be placed on the confidential list for six months, meaning it won't come off the confidential list until September. We should start seeing number of wells on confidential list increase in the fourth quarter of this calendar year and going forward.

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