by Calculated Risk on 5/18/2018 09:28:00 PM
Friday, May 18, 2018
A few comments from Steven Kopits of Princeton Energy Advisors LLC on May 18, 2018:
• Total US oil rigs were flat at 844Click on graph for larger image.
• Horizontal oil rigs added 1 to 746
• Given the strength of oil prices recently, this week’s pause in rig additions came as something of a surprise, but might be attributable to transient, technical factors
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 5/18/2018 09:28:00 PM