by Calculated Risk on 4/07/2019 11:13:00 AM
Sunday, April 07, 2019
A few comments from Steven Kopits of Princeton Energy Advisors LLC on April 5, 2019:
• Oil rigs rebounded sharply, +15 to 831Click on graph for larger image.
• Horizontal oil rig counts also saw a nice move up, +8 to 734
• The Permian took all the net horizontal oil rig adds, +8, for the best week in a year
• One might be tempted to call the end of the mini-cycle – again – this week. It certainly could be.
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 4/07/2019 11:13:00 AM