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Linn Energy, LLC (LINE) Message Board

  • sandonthebeach47 sandonthebeach47 Nov 26, 2012 12:06 PM Flag

    Rig activity changes from one year ago

    By play, a clear difference in rig counts so you can spot any trend in rig activity.

    And, also included is the percentage of the rigs that are drilling for OIL or for Gas.

    Not all of the plays are included, so if you need more info on areas not included below then use the Baker Hughes website.

    This info is from the Baker Hughes Interactive Rig Counts page:

    Marcellus rigs 11/23/12 are now at 94 rigs (for 100% GAS) and down from one year ago, when they were 136 rigs on 11/25/11.

    Utica rigs 11/23/12 are now at 29 rigs (for 83% OIL) and up from one year ago, when they were 14 rigs on 11/25/11.

    Williston basin rigs 11/23/12 are now at 196 rigs (100% drilling for OIL) and about the same from one year ago, when they were 197 rigs on 11/25/11.

    Arkoma Woodford has 4 rigs as of 11/21/12 (100% drilling for OIL) & a year ago there were 19 rigs.

    Cana Woodford has 28 rigs (54% of the rigs drilling for OIL) & last year there were 54 rigs.

    Granite Wash (for 86% of rigs drilling for OIL) now has 72 rigs, & a year ago there were 93 rigs.

    Eagle Ford now has 227 rigs (for 73% of rigs drilling for OIL) & a year ago there were 216 rigs.

    Permian basin now has 487 rigs (97% of rigs are drilling for OIL) and a year ago there were 475 rigs.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • What? You're now using Baker Hughes info (when it suits you) instead Wild Bill's Goat Ranch?

      I can help you with your ROI calculations if you are having trouble. This is a one-time-only Cyber Monday offer, though.

      • 2 Replies to rlp2451
      • The Baker Hughes website had a function to compare all of the plays so that is the data they have.
        Since you commented about it....The mondak Oilfield review has 31 for Montana, one in SD for Continental, & 183 drilling in ND....they do have more current dates than Baker Hughes but I am not sure when they post their data....so I also checked with the State of ND....who has 184 rigs operating in ND as of TODAY.....

        Hope that clears things up for you, since you do seem to pretend to be confused.

        Now on this that you wrote:
        "What? You're now using Baker Hughes info (when it suits you) instead Wild Bill's Goat Ranch?
        I can help you with your ROI calculations if you are having trouble. This is a one-time-only Cyber Monday offer, though."

        Your posts are are just lots of unhappy-sounding-negative-nonsense for the most part, and it kinda reminds me of kids TV from Batman.....you remind me of a new Batman character....Instead of clownie...maybe something like "The Heckler"

        Re-read them....Most of your posts seem like they are just pretty meaningless heclkling.

      • He has already tried and blew it with some of the Mystery Investment X occult investment theory cult.

        It did not quite understand the internet write up or how to do the xcel function.

    • Sand is posting very valuable information so our local noddy RLP does have a purpose as board clown.

      Marcellus rigs counts are down. So are the over all permits for future activity. Inclusive of lower cost refrac or rework drilling operations. Also, training loading for sand and other frac materials are way down for the Marcellus.

      One of the prime concerns for the recent gains in natural gas prices was a flood of new production from Marcellus. Perhaps in the short term as pipe connections are finished. But with out new activity and the decline rates of typical frac operations requiring 'maintenance' active which is not happening this is falling away.

      Very valuable to skip RLPs posts and just read Sands responses. This is very good information for investors in line to know.

      As you know LINE is the low cost producer with excellent take away infrastructure. So it is relatively safe from radical Obama EPA regulations. It could even benefit from regulations dramatically increasing the cost of drilling for gas. There are not enough dry or liquids rigs to maintain the current production rates. Prices may go up some more but will come into significant competition with coal around $4 and change.

      The real pay off in LINE is a normal economic recovery. But that at best has been delayed four years by our poor choice in this election.

 
LINE
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