by Bill McBride on 2/04/2017 09:19:00 PM
Saturday, February 04, 2017
A few comments from Steven Kopits of Princeton Energy Advisors LLC on Feb 4, 2017:
• Another huge week, total US oil rigs up 17 to 583Click on graph for larger image.
• Horizontal oil rig counts up +16 to 479
• The OPEC deal is looking at trouble ahead—three more weeks of this and the OPEC deal will fall apart
• Cana Woodford has moved distinctly into second place among US shale plays
Graph and comments Courtesy of Steven Kopits of Princeton Energy Advisors LLC.
Posted by Bill McBride on 2/04/2017 09:19:00 PM