Oil Rigs: "A quiet week for rigs counts"

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

Click 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.