Drilling & Completions | Top Story | Drilling Activity | 2020 Guidance
STACK E&Ps; Outline 2020 Dev Plans; Rigs & Completions Counts
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What a difference a year has made, especially when it comes to the Anadarko Basin.
Below is chart showing the 2020 vs. 2019 completion programs for some of the STACK/SCOOP operators.
Activity has seen a dramatic decline in recent quarters and many E&Ps are cutting activity in the region for 2020. We expect the downward trend to continue in upcoming quarters as E&Ps cut STACK/SCOOP activity in favor of oilier assets like the Permian, Bakken or Eagle Ford.
Further below, we take a look at 2020 spending for the basin as well as recent rig activity.
Capital BudgetsEnlarge image
Drilling Activity - Rig Count Over Time(Current Rig count 32, down from 100 a year ago)
Company CommentaryDevon said "2020 is expected to be enhanced by a reallocation of capital from the STACK, a…
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