by Calculated Risk on 12/15/2017 02:50:00 PM
Friday, December 15, 2017
A few comments from Steven Kopits of Princeton Energy Advisors LLC on Dec 15, 2017:
• 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.
Posted by Calculated Risk on 12/15/2017 02:50:00 PM