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US Land Operators Report Increasing Drilling & Completion Efficiencies in 2019

US land oil & gas operators continue to report increasing drilling & completion efficiencies in 2019. For example, US land operators report drilling wells in 2019 in 5.3% fewer drilling days while drilling laterals that are 1.4% longer than in 2018. In addition, US land operators report increasing the number of hydraulic fracturing stages per well by 7.3% while decreasing the number of completion days by 23.9% versus 2018. These drilling and completion efficiencies are allowing US land operators to accomplish more with less and help oil production rates remain high while drilling rig count and hydraulic fracturing crews decline. These findings are based on 171 personal interviews with over 1

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