One is the Powder River Basin, or PRB, in eastern Wyoming. Most notably, shale darling EOG Resources Inc. showcased what had been a relative backwater in its portfolio. The number of rigs operating in Wyoming has risen four-fold since bottoming out at just seven in the summer of 2016. But shale development is mostly a learning process, and there are tantalizing signs the PRB could reward diligence. In a recent report, analysts at Robert W. Baird & Co. benchmarked companies in major shale basins on their wells drilled in the past 12 months.

Source: Washington Post September 10, 2018 13:41 UTC