• Rigs overall continue in recovery modeClick on graph for larger image.
• Total US oil rigs were down 4 to 747
• Horizontal oil rigs, however, were up 2 to 654
...
• Expect the rig count to surge upward in the next four weeks, with some weeks exceeding +10 horizontal oil rigs
CR note: This graph shows the US horizontal rig count by basin.
Graph and comments Courtesy of Steven Kopits of Princeton Energy Advisors LLC.
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