BH Launches Well Count Report, Perfect Compliment to Rig Count
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)…
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Those who hate fossil fuels and want to stop all shale drilling because of their irrational beliefs are logic-challenged. Witness their claim/belief that fracking fluid (99.5% water and sand, 0.5% chemicals) pumped a mile or more below the surface will magically travel up to the surface and contaminate groundwater supplies. Never mind that 80% of the fluid disappears into small cracks a mile down. Never mind there’s a mile of solid rock between the fluid and the surface. Never mind there have been more than 50,000 horizontally fracked wells since the early 2000s with not a single case of water contamination from migrating frack fluid. And never mind there have been more than 2 million vertically fracked wells worldwide over the past 60+ years with not a single case of water contamination from migrating frack fluid. Anti-drillers cling to their irrational faith that fluid migration has and continues to happen and hucksters like Josh Fox of Gasland and Gasland 2 fame are all too willing to feed their delusion.
