by Calculated Risk on 7/09/2018 08:56:00 AM
Monday, July 09, 2018
A few comments from Steven Kopits of Princeton Energy Advisors LLC on July 6, 2018:
• Rig counts recovered after last week’s lousy numbersClick on graph for larger image.
• Total oil rigs are up, +5 to 863
• Horizontal oil rigs rebounded, +6 to 771
• The big movers this week were the Cana Woodford, -6; and Other US, +7. Expect some reversal of these numbers next week.
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 7/09/2018 08:56:00 AM