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Lynn Helms - Director's Cut

Dec 13, 2019

Lynn HelmsOil Production
September 43,319,393 barrels = 1,443,980 barrels/day 
October 47,051,671 barrels = 1,517,796 barrels/day (New all-time high

Gas Production
September 88,391,725 MCF = 2,946,391 MCF/day
October 95,189,103 MCF = 3,070,616 MCF/day (New all-time high
The drilling rig count was stable around 65 for the first half of the year. Operators have shifted to incremental increases and decreases based on oil price, capital availability, and gas capture. The number of well completions has become variable again due to weather, gas capture, oil price and workforce.

Lower crude oil price, gas capture, workforce, and competition with the Permian and Anadarko shale oil plays for capital continue to limit drilling rig count. 

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