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Rig Count Update: Moment of Truth for the Permian Basin? - Yahoo Finance http://finance.yahoo.com/news/rig-count-moment-truth-permian-160553853.html[2/12/2016 10:57:16 AM] Fri, Feb 12, 2016, 11:57AM EST - US Markets close in 4 hrs and 3 mins Quotes you view appear here for quick access. Recommended Games More games » Compare Brokers % | $ Recent Finance Home My Portfolio My Quotes News Market Data Yahoo Originals Business & Finance Personal Finance CNBC Contributors By Arthur Berman January 30, 2016 11:05 AM Rig Count Update: Moment of Truth for the Permian Basin? ˠ The U.S. land rig count fell 17 to 590 and the horizontal land rig count fell 13 to 487. Horizontal Land Rig Count Update This week, the Permian basin horizontal rig count fell by 13 while the Bakken and Eagle Ford were unchanged. Is this a moment of truth for the Permian basin plays? I have shown that those plays are commercially less attractive than the Bakken and Eagle Ford because of lower EUR and comparable costs. A positive aspect of the plays is higher early flow rates and, therefore, more cash flow. Sign In Mail Home Mail Search News Sports Finance Celebrity Weather Answers Flickr Mobile Try Yahoo Finance on Firefox » More

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  • Rig Count Update: Moment of Truth for the Permian Basin? - Yahoo Finance

    http://finance.yahoo.com/news/rig-count-moment-truth-permian-160553853.html[2/12/2016 10:57:16 AM]

    Fri, Feb 12, 2016, 11:57AM EST - US Markets close in 4 hrs and 3 mins

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    By Arthur BermanJanuary 30, 2016 11:05 AM

    Rig Count Update: Moment of Truth for the Permian Basin?ˠ ➕ ➕

    The U.S. land rig count fell 17 to 590 and the horizontal land rig count fell 13 to 487.

    Horizontal Land Rig Count Update

    This week, the Permian basin horizontal rig count fell by 13 while the Bakken and Eagle Ford were unchanged.

    Is this a moment of truth for the Permian basin plays?

    I have shown that those plays are commercially less attractive than the Bakken and Eagle Ford because of lower EUR and comparable costs. A positive aspect of the plays is higher early flow rates and, therefore, morecash flow.

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  • Rig Count Update: Moment of Truth for the Permian Basin? - Yahoo Finance

    http://finance.yahoo.com/news/rig-count-moment-truth-permian-160553853.html[2/12/2016 10:57:16 AM]

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  • Rig Count Update: Moment of Truth for the Permian Basin? - Yahoo Finance

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