Tuesday, May 12, 2009

Rig Counts: Not All Bad News

GMX Resources had an interesting slide in a recent presentation. It showed the rigs in operation in the major shale plays. What it indicated was that the Haynesville Shale (the yellow ochre line below) has the most activity of the big five U.S. shale plays. In general, with the exception of the Barnett Shale, the rig counts are fairly steady in shale plays.

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