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Baker Hughes Q2 2014 well count

Oilfield Technology,

Baker Hughes has announced that the US onshore well count for Q2 2014 was 9394 wells, up 428 wells or 5% compared to Q1 2014. Compared to the second quarter of last year, the well count was up 383 wells, or 4%.

Compared to Q1 2014, the well count increased most notably in the Permian basin (up 265 wells or 11%), Marcellus (up 78 wells or 16%), and Granite Wash (up 31 wells or 23%) basins. This increase was slightly offset by decreases predominately in the Barnett (down 57 wells or 18%) and Cana Woodford (down 23 wells or 26%).

The average US onshore rig count for Q2 2014 was 1796 rigs, up 72 rigs or 4% from Q1 2014 and up 87 rigs or 5% from the Q2 2013. On average, the US onshore rig fleet produced 5.23 new wells during the quarter, which represents a slight improvement in drilling efficiencies compared to the same quarter in 2013.

Adapted from press release by Katie Woodward

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