Top Tweets for #rigactivity

over 1 year ago

The #rigmarket is shifting, and faster than many realize. While the #Permian continues to dominate headlines, #rigactivity there is quietly retreating. Year to date, the Permian has shed 25 rigs, and #EagleFord isn’t far behind. At the same time, the Mid-Con is starting to build momentum, adding rigs and signaling a subtle but important rebalancing across U.S. shale basins. Our Q2 2025 report breaks it all down—who's pulling back, where capital is flowing, and what it all means for service costs, well designs, and the second half of the year. https://t.co/2peMrSypas

novilabs's tweet photo. The #rigmarket is shifting, and faster than many realize.

While the #Permian continues to dominate headlines, #rigactivity there is quietly retreating. Year to date, the Permian has shed 25 rigs, and #EagleFord isn’t far behind. At the same time, the Mid-Con is starting to build momentum, adding rigs and signaling a subtle but important rebalancing across U.S. shale basins.

Our Q2 2025 report breaks it all down—who's pulling back, where capital is flowing, and what it all means for service costs, well designs, and the second half of the year. https://t.co/2peMrSypas

735

Novi Labs

@novilabs

over 3 years ago

#Oilproduction in the #EagleFord from horizontal wells has stayed around 1.1 million b/d during the last 3 years. However, with both declining #rigactivity and #wellproductivity, we expect soon to see negative production growth.📈 👉 https://t.co/lY5dw9555r #oott #oilandgas

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