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PS - Delaware and Midland Basin well starts fall more than 60% - June 24, 2020



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The number of rigs drilling hydrocarbon wells in the Delaware Basin has been on a downward slide since March, according to Enverus Rig Analytics. After reaching a peak monthly average of 228 in February, the June average as of the 24th is 87, down 62%. The trend is the same in the Midland Basin, with the February average of 160 rigs down 66% to a June-to-date average of 54. As a result, well starts......
 
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