Exploration activity in the Cline shale region has continued to increase over the last quarter as an additional 9 rigs have commenced drilling. The more productive horizontal rigs have actually increased in number by 11 during that same period as some of the lower powered, exploratory vertical rigs have been displaced in the maturing play.
Some of the counties with the most significant pickup in drilling were predictably the known hotspots of the Cline in Glasscock and Martin. However, Reagan county on the South flank of the play added 8 more horizontal rigs as well. About half of the new horizontal rigs are targeting [Read more...]