Rigs exiting the Haynesville shale head for South Texas

摘要

Rigs exiting the Haynesville dry-gas play in northwestern Louisiana and northeastern Texas at a rapid pace are finding new homes in South Texas' Eagle Ford oil and gas-liquids zone. "Since the beginning of the fourth quarter of 2011. the once-prominent Haynesville shale has witnessed an as- tounding 50-rig decline—a 43% decline—and now stands at 67 rigs," says Brian Uhlmer, senior oilfield-services and equipment analyst for Global Hunter Securities LLC. Meanwhile, the overall U.S. rig count has grown 4% in that period, Uhlmer adds, according to Schlumberger Ltd.'s Smith Bits rig data.