by Calculated Risk on 8/24/2018 03:07:00 PM
Friday, August 24, 2018
A few comments from Steven Kopits of Princeton Energy Advisors LLC on August 24, 2018:
• Oil rigs let off again this weekClick on graph for larger image.
• Total oil rigs fell, -9 to 860
• Horizontal oil rigs declined, -2 to 766
• Visual inspection suggests that rigs continue to roll off gently from here for the next several weeks.
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 8/24/2018 03:07:00 PM