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Title : Active Rigs Steady At 58 As North Dakota Moves Into Autumn -- September 29, 2017
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Active Rigs Steady At 58 As North Dakota Moves Into Autumn -- September 29, 2017

Active rigs:

$51.62→	9/29/2017	09/29/2016	09/29/2015	09/29/2014	09/29/2013
Active Rigs	58	34	69	186	184

RBN Energy: development finally advancing in Argentina's biggest shale play. Bottom line: a long way to go.

Disclaimer: this is not an investment site. Do not make any investment, financial, job, travel, or relationship decisions based on what you read here or think you may have read here.

From Boomberg / Moody's Investors Services: for shale drillers and oil sands producers -- consistently above $50 is needed. Data points:

• study consisted of 37 E & P companies in US and Canada
• with a few notable exceptions, few companies with a "healthy leveraged full cycle ration"
• exceptions: Appalachian explorers Antero Resources Corp and Range Resources Corp, as well as Canadian shale gas producer Seven Generations Energy Ltd
• most others had ratios way below a level Moody's considers healthy
• the three best performers focused on liquids-rich gas plays: the Marcellus and the Utica, and the Montney
• cash flow surge in last few years: Antero and Seven Geenrations
• Moody's: producers' leveraged full cycle ration needs to be significantly above 1 for explorers to earn a meaningful return on their investment
• the average for 37 explorers, last year: 0.59
• the ratios of the top three: above 1.5
• Antero's ratio: 2.19 tops the list
• among the lowest ranking were Apache Corp and Devon Energy Corp with ratios below 0.05

Dutch natural gas: from Reuters via Rigzone, data points:

• recent natural gas discovery in Dutch North Sea could be even bigger than originally thought
• now estimated at 2 trillion cubic feet of gas, more than the Netherland's annual gas production

The story only interests me because:

Dutch gas production has been steadily declining, partly due to a lack of new developments and partly to a government-mandated cap on output from the country's largest field at Groningen after it was established that it triggered earth tremors.

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