{"id":18429,"date":"2016-03-02T21:07:28","date_gmt":"2016-03-03T02:07:28","guid":{"rendered":"http:\/\/olduvai.ca\/?p=18429"},"modified":"2016-03-02T21:07:28","modified_gmt":"2016-03-03T02:07:28","slug":"us-oil-rig-count-points-to-a-sharp-decline-in-production","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=18429","title":{"rendered":"US Oil Rig Count Points To A Sharp Decline In Production"},"content":{"rendered":"<header>\n<h3 class=\"entry-title\"><a href=\"http:\/\/peakoilbarrel.com\/us-oil-rig-count-points-to-a-sharp-decline\/\" target=\"_blank\">US Oil Rig Count Points To A Sharp Decline In Production<\/a><\/h3>\n<div class=\"entry-meta\">The North American\u00a0<a href=\"http:\/\/phx.corporate-ir.net\/phoenix.zhtml?c=79687&amp;p=irol-reportsother\">Baker Hughes Rig Count<\/a>\u00a0came out Friday. The decline continues. Baker Hughes gives an oil and gas breakout for every basin and state with five years of historical data.<\/div>\n<\/header>\n<div class=\"entry-content\">\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-11875\" src=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2016\/02\/Bh-Historical.jpg\" sizes=\"auto, (max-width: 887px) 100vw, 887px\" srcset=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2016\/02\/Bh-Historical-300x164.jpg 300x, http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2016\/02\/Bh-Historical-768x421.jpg 768x, http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2016\/02\/Bh-Historical.jpg 887x\" alt=\"Bh Historical\" width=\"887\" height=\"486\" \/><\/p>\n<p>Baker Hughes has twenty eight and one half years of historical data for total US rigs but only five years for individual basins. Gas rigs peaked in August 2008 at 1,606 rigs, over six years before the peak in Oil rigs. On February, 26, gas total US gas rig count stood at 102, a decline of over over 93%.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-11868\" src=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2016\/02\/BH-Total-US.png\" sizes=\"auto, (max-width: 834px) 100vw, 834px\" srcset=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2016\/02\/BH-Total-US-300x176.png 300x, http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2016\/02\/BH-Total-US-768x451.png 768x, http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2016\/02\/BH-Total-US.png 834x\" alt=\"BH Total US\" width=\"834\" height=\"490\" \/><\/p>\n<p>A closer look at the total US total rig count.<br \/>\nOctober 10, 2014 \u00a01,609 rigs<br \/>\nFebruary 26, 2016 400 rigs<br \/>\nPercent decline 75%<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-11876\" src=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2016\/02\/BH-Bakken.jpg\" sizes=\"auto, (max-width: 803px) 100vw, 803px\" srcset=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2016\/02\/BH-Bakken-300x183.jpg 300x, http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2016\/02\/BH-Bakken-768x469.jpg 768x, http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2016\/02\/BH-Bakken.jpg 803x\" alt=\"BH Bakken\" width=\"803\" height=\"490\" \/><\/p>\n<p>In figuring the percent decline for each basin I have use October 10 as peak, the week US rigs peaked even though all basins did not peak on that week.<\/p>\n<p>Bakken<br \/>\nOctober 10, 2014 \u00a0198 rigs<br \/>\nFebruary 26, 2016 36 rigs<br \/>\nPercent decline 82%<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>US Oil Rig Count Points To A Sharp Decline In Production The North American\u00a0Baker Hughes Rig Count\u00a0came out Friday. The decline continues. Baker Hughes gives an oil and gas breakout for every basin and state with five years of historical data. Baker Hughes has twenty eight and one half years of historical data for total [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[595,6074,827,3450],"class_list":["post-18429","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-oil-production","tag-ron-patterson","tag-united-states","tag-us-oil-rig-count"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/18429","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18429"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/18429\/revisions"}],"predecessor-version":[{"id":18430,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/18429\/revisions\/18430"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}