Sunday, June 17, 2018

Oil Rigs: "A quiet week for rigs counts"

by Bill McBride on 6/17/2018 08:11:00 AM

A few comments from Steven Kopits of Princeton Energy Advisors LLC on June 15, 2018:

• Total oil rig counts rose 1 to 863

• Horizontal oil rigs added 2 to 765
...
• After a heady gain last week, the Permian gave back 4 rigs
Oil Rig CountClick on graph for larger image.

CR note: This graph shows the US horizontal rig count by basin.

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