Monday, October 09, 2017

Oil Rigs "Steady as she goes"

by Bill McBride on 10/09/2017 10:02:00 AM

A few comments from Steven Kopits of Princeton Energy Advisors LLC on Oct 6, 2017:

• The US oil rig count is largely stable

• Total US oil rigs were down 2 to 748

• Horizontal oil rigs were down 1 to 641
...
• Overall, the rig count looks like it’s moving sideways.
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.