by Calculated Risk on 2/04/2017 09:19:00 PM

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 583

• 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

Click on graph for larger image.

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