by Bill McBride on 8/21/2016 10:07:00 AM
Sunday, August 21, 2016
Note: I'm in the Boston area (Wonderful wedding last night). Off to New York soon ...
A few comments from Steven Kopits of Princeton Energy Advisors LLC:
"US horizontal oil rigs gained 4 to 318.CR Note: This is horizontal rig count only (not vertical).
The takeaway: At $45 WTI, the Bakken, Eagle Ford and Niobrara are more or less able to hold rig counts steady, but not more. However, the Permian looks entirely viable at this number, with 20 rigs added even with WTI in the $40-45 range. "
Posted by Bill McBride on 8/21/2016 10:07:00 AM