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Q1 2019 Wrap Up: A Look at Drilling, Rig, Completion & Frac Activity

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   |    Tuesday,April 02,2019

Drilling/Rig Activity as Q1 2019 Winds Down

US Drillers have dropped 55 rigs year-to-date.

This is about half of the total amount of rigs that Shale Experts estimates will be cut in 2019 (our rig forecast estimates ~100 total rigs will be lost in 2019).

Which operators have been busy dropping rigs?

  • Alta Mesa down -5 rigs
  • Roan Resources down -5 rigs
  • Apache down -4 rigs
  • Carrizo down -2 rigs
  • Jagged Peak down -2 rigs

Click here for rig activity by operator

Completion / Frac Crew Tracking - What to expect in 2019

  • DJ Basin wells frac'd will be down - 12% YoY
  • Mid-Continent wells frac'd will be down -30% YoY
  • Ark-La-Tex wells frac'd will be up +20% YoY

Access the Shale Experts Frac Database for further details


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