Proven Concepts, Inc.
   
 

Welcome to Proven Concepts, Inc.

PROVEN CONCEPTS, Inc is an oil and gas consulting firm that provides a wide spectrum of oil and gas related services specifically designed for land and mineral owners. These services include but, are not limited to oil and gas mineral lease, surface use agreements, pipeline, water sales agreements and land and mineral management programs, auditing of oil and gas production and revenue, petroleum resource management, litigation avoidance and specialized testing using data validation and defensibility protocols.

“Making agreements in the oil and gas industry is a long term commitment. Understanding the rules of the game insures success for you and your future generations.”

Keith L. Milberger, President
Proven Concepts, Inc.

Drilling Rig Count In Barnett Shale Drops 51.5%

            Drilling rig activity data from RigData as of Friday, February 27, 2009, shows that the maximum number of drilling rigs operating in the Barnett Shale in the Fort Worth Basin was 227 for the week ending October 3, 2008, and the lowest number of drilling rigs in a week was this past week ending February 27, 2009, at 110 drilling rigs.  That represents a 51.5% drop in the number of drilling rigs in the Barnett shale in 22 weeks.   The chart below represents the number of drilling rigs running each Friday from January 4, 2008 to February 27, 2009, encompassing 21 counties of the Fort Worth Basin with Barnett Shale production.

            We analyzed the individual 21 counties with emphasis on six Barnett Shale counties.  The summary of the high rig count compared to the rig count of last Friday, February 27th is shown in the chart below and the percent decline.  This is followed by a histograph of the summary.

Summary of Six County Barnett Shale County Rig Count  1/4/2008 to 2/27/2009

County

High Rig Count Week

Rig Count 2/27/2009

% Decline

Rig Count

Week

Rig Count

Week

JOHNSON

64

1/4/2008

28

2/27/2009

56.3%

TARRANT

58

8/29/2008

31

2/27/2009

46.6%

WISE

25

12/5/2008

10

2/27/2009

60.0%

DENTON

24

11/14/2008

12

2/27/2009

50.0%

PARKER

19

4/11/2008

7

2/27/2009

61.2%

HILL

15

4/4/2008

7

2/27/2009

53.3%

Source: RigData February 27, 2009 http://www.rigdata.com

 
Proven Concepts, Inc., PO Box 2267, Frisco, Texas, 75034 Tel: 972 529-1253, Fax: 214 592-9881
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