by Calculated Risk on 6/10/2018 10:30:00 AM
Sunday, June 10, 2018
A few comments from Steven Kopits of Princeton Energy Advisors LLC on June 8, 2018:
• Total US oil rigs were up 1 to 862Click on graph for larger image.
• Horizontal oil rigs added 5 to 763
• The Permian gained 7; the Cana Woodford gave back 3
• Since last July’s peak, 90 of the 105 horizontal oil rigs additions have been in the Permian; 12 in the Cana Woodford—and even the Cana Woodford is no higher than in November. All other plays have added a mere three rigs since last July
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 6/10/2018 10:30:00 AM