Drilling & Completions | Rig Count | Exclusives / Features | Drilling Activity | Drilling Contractor
Q1 2019 Wrap Up: A Look at Drilling, Rig, Completion & Frac Activity
Print
|
Drilling/Rig Activity as Q1 2019 Winds Down
US Drillers have dropped 55 rigs year-to-date.
This is about half of the total amount of rigs that Shale Experts estimates will be cut in 2019 (our rig forecast estimates ~100 total rigs will be lost in 2019).
- Permian (the most active onshore basin) is down - 25 rigs YTD
- STACK/SCOOP is down -14 rigs YTD
- Western Anadarko (Granite Wash) is down -4 rigs YTD
- Haynesville is down -2 rigs , YTD
Which operators have been busy dropping rigs?
- Alta Mesa down -5 rigs
- Roan Resources down -5 rigs
- Apache down -4 rigs
- Carrizo down -2 rigs
- Jagged Peak down -2 rigs
Click here for rig activity by operator
Completion / Frac Crew Tracking - What to expect in 2019
- Appalachian wells frac'd will be down...(click to see percentage)
- DJ Basin wells frac'd will be down - 12% YoY
- Powder River Basin wells frac'd will be up... (click to see percentage)
- Mid-Continent wells frac'd will be down -30% YoY
- Ark-La-Tex wells frac'd will be up +20% YoY
- Gulfcoast /Eagle Ford wells frac'd will down...(click to see percentage)
Access the Shale Experts Frac Database for further details
More Exclusives / Features News
Why $90 Oil Isn’t Bringing Back the Rigs
Higher oil prices are not translating cleanly into a drilling response across U.S. shale, and company disclosures are starting to show why. The issue is not simply capital…
These Three Companies Will Increase Drilling & Completion Over The Next 3 Year
In the span of fifteen months, three Japanese energy companies committed more than $10.3 billion to U.S. natural gas production assets — a buying spree that has transferred…
Q1 A&D Transactions Jump to $30B , While Deal Flow Was Down 40%
The first quarter of 2026 has officially defined the "Barbell Era" of American oil and gas. While the total number of deals plummeted by 46% YoY (dropping to…
Venezuela: Rebuild Potential vs. Stop/Start Reality — What It Means for International OFS
Venezuela: Rebuild Potential vs. Stop/Start Reality — What It Means for International OFS According to Reuters, Venezuela’s oil sector remains a high-potential but fragile opportunity: it holds massive…
A Quiet Capital Pattern Is Forming in North American Upstream — and Almost No One Is Talking About It
A handful of recent transactions and capital raises point to a subtle pattern in North American upstream—one that is easy to miss because each event, on its own,…
Ark-La-Tex News
Why $90 Oil Isn’t Bringing Back the Rigs
Higher oil prices are not translating cleanly into a drilling response across U.S. shale, and company disclosures are starting to show why. The issue is not simply capital…
These Three Companies Will Increase Drilling & Completion Over The Next 3 Year
In the span of fifteen months, three Japanese energy companies committed more than $10.3 billion to U.S. natural gas production assets — a buying spree that has transferred…
Q1 A&D Transactions Jump to $30B , While Deal Flow Was Down 40%
The first quarter of 2026 has officially defined the "Barbell Era" of American oil and gas. While the total number of deals plummeted by 46% YoY (dropping to…
Wright to U.S. Oil Industry: The Price Signal Is Telling You to Drill
Energy Secretary Chris Wright stood in front of the largest gathering of oil executives in the world this morning and delivered a message that was equal parts market…
Apa Corp : Doing More With Less
APA's 2025 narrative was one of operational surprise. The company came in beating production guidance every single quarter while spending below plan, capturing over $300MM in cost savings…
Gulf Coast News
Diversified Energy Striking While the Iron is Hot in East Texas
Transaction Summary Diversified Energy has entered into a definitive purchase and sale agreement to acquire high-working interest, natural gas producing assets in East Texas from Sheridan Production for…
Permian Resources to Grow Production 6% in 2026
Permian Resources exited 2025 as the largest pure-play Delaware Basin operator with ~480,000 net acres and >105,000 net royalty acres. The company averaged 392.6 MBoe/d in 2025, including…
Battalion Oil Closes ~$60M West Quito Draw Asset Sale
Battalion Oil Corporation has closed the sale of its West Quito Draw assets in the Southern Delaware Basin to MCM Delaware Resources LLC, a subsidiary of MCM Energy…
Deal Rumor: ConocoPhillips Exploring $2B Permian Asset Sale
ConocoPhillips is reportedly exploring the potential sale of certain Permian Basin assets in a transaction valued at approximately $2 billion, according to Reuters, citing sources familiar with the…
Mitsubishi to Buy Aethon for ~$5.2B, Taking Scaled Haynesville Gas Platform
Mitsubishi Corporation has agreed to acquire Aethon (Aethon III LLC, Aethon United LP and related entities) for a total equity investment of approximately $5.2 billion, delivering Mitsubishi a…