A huge congratulations is in order for Baker Hughes, the oilfield services company that also compiles the enormously useful rig count data that they’ve been sharing, like forever (for the past 70 years!). Big news: Baker Hughes has just launched a new “well count” data service as a compliment to their rig count data. The new well count service counts the number of new wells “spud” (when the drill bit hits the ground and starts chewing away) in a given quarter. The counts are tabulated by shale basin. This is an important new tool for landowners and businesses in the supply chain to use to monitor where drilling is heating up, and where it’s cooling down. Data geeks (like MDN) love this stuff!
See the very first set of well count reports from Baker Hughes embedded below (along with our commentary)…
