Slow down of 2012 ?

Comment by Drilling Ahead on January 26, 2012 at 8:51am

Hi Jay, there is a slowdown under way but it looks like it will be confined to "dry gas" areas like the Barnett Shale in your area. Chesapeake announced they were pulling out rigs and I am sure others have done so or will follow suit. The problem seems to be mild weather and underground storage for natural gas is full. This has caused natural gas prices to fall to lows not seen in a long time.

I doubt many of the rigs get stacked. More likely they will be moved to some of the horizontal oil plays like the Eagle Ford, Bakken, Utica and maybe even Marcellus. I know some are slated to drill here in the Colony Granite Wash in Western Oklahoma and the Texas Panhandle. The liquids rich Mississippian formation in Oklahoma is increasing in rig count-things should really ramp up here.

I think it's going to be more of an adjustment than a slowdown

 

Comment by Jason Mosier on September 20, 2012 at 1:42am

It's slowing down out here in the Permian basin too. I'm a driller for Big Dog and I can tell u over half the companies fleet have stacked out my rig is still making hole, but we got sups demoting to pushers and pushers going back to drilling, I've heard other companies are doing likewise well see if things pick up after the elections.

Comment by tim greensweight on November 24, 2012 at 2:30pm

slow down not as a mud logger still having to beg for days off

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