Friday, May 19, 2017

Oil: "Another Surge" in Rig Count

by Bill McBride on 5/19/2017 05:06:00 PM

A few comments from Steven Kopits of Princeton Energy Advisors LLC on May 19, 2017:

• Another smokin’ week for the rig count

• Total US oil rigs were up 8 to 720

• US horizontal oil rigs added 14 to 621
Oil Rig CountClick on graph for larger image.

CR note: This graph shows the US horizontal rig count by basin.

Graph and comments Courtesy of Steven Kopits of Princeton Energy Advisors LLC.