Skip to comments.Drilling Rigs are Moving at a Furious Pace – A Look At The Boom in Maps
Posted on 03/08/2014 8:18:15 PM PST by ckilmer
By David Wogan
The impact of domestic oil and natural gas production has seen a significant uptick in the past several years. The rush of horizontal drilling and hydraulic fracturing in “tight” shale plays around the country is largely responsible for a resurgence of U.S. oil and natural gas production.
But how busy is The Boom?
A useful way to understand just how much the domestic oil and gas boom has grown is to look at maps of drilling locations throughout the country. The following maps come courtesy of Kevin Thuot at energy analytics firm Drilling Info. In the first one, we see the major plays thoughout the United States, including the Bakken in North Dakota, Marcellus in Pennsylvania, the Eagle Ford and Permian Basin plays in Texas, and the Woodford in Oklahoma.
Already we see that there are a couple thousand drilling rigs located throughout the country (Texas alone is home to nearly half the active rigs in the United States). But that’s not the whole story. As Thuot writes, there are two important trends to keep in mind when discussing the modern boom: First, modern tight oil and gas development continually requires a large number of new wells to maintain and increase total production volumes. Separately, rig cycle times have been on the decrease, so that the number of active rigs has actually gone down over the last few years, even as production has increased.”
In other words, operators are putting new holes in the ground faster than ever. Once a well is drilled, the rig is moved to a new location. It’s in this information that we can see just how active the industry is. When this movement is plotted on a map the patterns become apparent. The next two maps show drilling rig movement for the first seven weeks of 2014, with the yellow end of the line depicting the starting location and the red end the destination:
You’ll notice that a lot of movement is within the same play. This makes intuitive sense because it is more efficient to move down the road to a new drill site rather than pack up and transport equipment a long distance. But you’ll notice that there is regional movement, notably from Oklahoma’s Granite Wash and Woodford plays into the Permian Basin:
Looks like I need to get a rig into my backyard (as long as the workers are kool with my dog and me sitting out there daily watching the happenings).
The Eagle Ford has about five more good years before the taper begins.
I want to see a rig indicated on this map for Upshur county Texas. I’ve got oil in the ground there.
Then you will eventually be "da MAN".
If our stupid f*****g government would put public lands out west into play, we could bring Russia and OPEC to its knees.
I’ve read reports which estimate that certain areas in the western states, now off limits to drilling, are sitting on billions of barrels of oil and cubic feet of natural gas.
Let’s just agree that our “Public Servants” are not.
bfl - looks good!
You are too modest....
The Green River Formation weighs in at 3 TRILLION Barrels, with an estimated 1 Trillion barrels recoverable with todays technology.
Using a geology-based assessment methodology, the U.S. Geological Survey estimated a total of 4.285 trillion barrels of oil in-place in the oil shale of the three principal basins of the Eocene Green River Formation. Using oil shale cutoffs of potentially viable (15 gallons per ton) and high grade &...
God may have put oil and gas under the ground in the west, but the enviro-nazis will never let it be utilized. It serves the Leftist states out west right for not monitoring the school systems as they were indoctrinating the coming generation against fossil fuels.
The cure? Cut off the electricity and pipelines. Let gasoline go to $6/gal. If you don’t contribute your share of the resources, you shouldn’t leech off the resources of other states.
Always made a point to check the Permian Basin rig count in the Hobbs paper. Amazing things going on out there.
Love how everything stops at the Southern Tier in NYS. Idiots.
yeah, imho sometime late in 2015 the volumes coming out of the permian basin are going to rise big time.
You can zoom in here