Raw data provided by a reader. Transferring the reader's data to my spreadsheet could have resulted in errors, but it appears correct as received.
My narrative has not changed: in the Bakken, rig counts don't matter (don't take that out of context); frack spreads do. However, across all shale plays, analysts now suggest the tide has turned and rigs are not keeping up with fracking activity as seen by decline in the number of DUCs. I linked an incredibly good analysis yesterday on this very issue, especially why DUCs are particularly important.
|
|
Bakken |
||
|
|
Drilled |
Completed |
DUC |
|
Dec-13 |
-- |
-- |
570 |
|
Jan-14 |
178 |
143 |
605 |
|
Feb-14 |
210 |
158 |
657 |
|
Mar-14 |
224 |
218 |
663 |
|
Apr-14 |
217 |
207 |
673 |
|
May-14 |
226 |
208 |
691 |
|
Jun-14 |
236 |
225 |
702 |
|
Jul-14 |
250 |
243 |
709 |
|
Aug-14 |
226 |
207 |
728 |
|
Sep-14 |
256 |
232 |
752 |
|
Oct-14 |
186 |
243 |
695 |
|
Nov-14 |
209 |
202 |
702 |
|
Dec-14 |
224 |
194 |
732 |
|
Jan-17 |
62 |
52 |
781 |
|
Feb-17 |
51 |
58 |
774 |
|
Mar-17 |
78 |
71 |
781 |
|
Apr-17 |
78 |
104 |
755 |
|
May-17 |
94 |
82 |
767 |
|
Jun-17 |
76 |
105 |
738 |
|
Jul-17 |
95 |
103 |
730 |
|
Aug-17 |
99 |
110 |
719 |
|
Sep-17 |
98 |
97 |
720 |
|
Oct-17 |
104 |
110 |
714 |
|
Nov-17 |
93 |
86 |
721 |
|
Dec-17 |
77 |
65 |
733 |
|
Jan-18 |
107 |
72 |
768 |
|
Feb-18 |
74 |
74 |
768 |
|
Mar-18 |
95 |
90 |
773 |
|
Apr-18 |
109 |
110 |
772 |
|
May-18 |
124 |
131 |
765 |
|
Jun-18 |
108 |
118 |
755 |
|
Jul-18 |
134 |
155 |
734 |
|
Aug-18 |
108 |
138 |
704 |
|
Sep-18 |
108 |
122 |
690 |
|
Oct-18 |
120 |
118 |
692 |
|
Nov-18 |
110 |
99 |
703 |
|
Dec-18 |
108 |
70 |
741 |
|
Jan-19 |
120 |
71 |
790 |
|
Feb-19 |
108 |
56 |
842 |
|
Mar-19 |
111 |
110 |
843 |
|
Apr-19 |
118 |
112 |
849 |
|
May-19 |
127 |
127 |
849 |
|
Jun-19 |
118 |
149 |
818 |
|
Jul-19 |
122 |
122 |
818 |
|
Aug-19 |
122 |
144 |
796 |
|
Sep-19 |
110 |
88 |
818 |
|
Oct-19 |
116 |
108 |
826 |
|
Nov-19 |
96 |
88 |
834 |
|
Dec-19 |
94 |
86 |
842 |
|
Jan-20 |
99 |
98 |
843 |
|
Feb-20 |
94 |
100 |
837 |
|
Mar-20 |
94 |
108 |
823 |
|
Apr-20 |
69 |
33 |
859 |
|
May-20 |
33 |
14 |
878 |
|
Jun-20 |
18 |
11 |
885 |
|
Jul-20 |
18 |
22 |
881 |
|
Aug-20 |
19 |
27 |
873 |
|
Sep-20 |
18 |
51 |
840 |
|
Oct-20 |
19 |
41 |
818 |
|
Nov-20 |
20 |
31 |
807 |
|
Dec-20 |
20 |
50 |
777 |
|
Jan-21 |
20 |
42 |
755 |
|
Feb-21 |
19 |
26 |
748 |
|
Mar-21 |
25 |
47 |
726 |
|
Apr-21 |
27 |
52 |
701 |
|
May-21 |
29 |
68 |
662 |
|
Jun-21 |
31 |
65 |
628 |
|
Jul-21 |
32 |
62 |
598 |
|
Aug-21 |
39 |
66 |
571 |
|
Sep-21 |
41 |
68 |
544 |
|
Oct-21 |
42 |
71 |
515 |
|
Nov-21 |
43 |
73 |
485 |
|
Dec-21 |
46 |
73 |
458 |
