Fourth-quarter well count up from 2013, Baker Hughes says

1/9/2015

Fourth-quarter well count up from 2013, Baker Hughes says

HOUSTON -- Baker Hughes has announced that the U.S. onshore well count for the fourth quarter of 2014 was 9,544 wells, relatively unchanged compared to the third quarter of 2014.  However, compared to the fourth quarter of 2013, the well count was up 461 wells or 5%.

Compared to the third quarter of 2014, the well count increased most notably in the Cana Woodford (up 22 wells or 27%), Utica (up 12 wells or 12%), and Marcellus (up 11 wells or 2%) basins.

These increases were offset by decreases in the Granite Wash (down 30 wells or 16%), Barnett (down 21 wells or 8%) and Haynesville (down 12 wells or 10%) basins.

The average U.S. onshore rig count for the fourth quarter of 2014 was 1,856 rigs, up 14 rigs or 1% from the third quarter of 2014, and up 159 rigs or 9% from the fourth quarter of 2013.

On average, the U.S. onshore drilling efficiencies dropped slightly to 5.14 wells per rig, due primarily to slower drilling rates in the Eagle Ford, Marcellus and Haynesville basins for the quarter.

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