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Posts Tagged ‘ counts ’

Oil Rigs: RIg counts move sideways, again

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Oil Rigs: RIg counts move sideways, again

A few comments from Steven Kopits of Princeton Energy Advisors LLC on September 7, 2018:”That’s all, folks!” • Oil rigs declined, -2 to 860 • Horizontal oil rigs gained, +1 to 766…• Horizontal oil rigs have gone exactly nowhere in the last 12 weeks • The breakeven oil price to add horizontal oil rigs...
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Oil Rigs “Oil rig counts take a breather”

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Oil Rigs “Oil rig counts take a breather”

A few comments from Steven Kopits of Princeton Energy Advisors LLC on Feb 23, 2018: • Total US oil rigs took an anticipated breather this week, +1 to 799 • Horizontal oil rigs were up, +1 to 697…• The oil price continues to recover • If rig count additions continue on our forecast trajectory,...
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Oil Rigs “Rigs counts took a breather this week”

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Oil Rigs “Rigs counts took a breather this week”

A few comments from Steven Kopits of Princeton Energy Advisors LLC on Nov 17, 2017: • Rigs counts took a breather this week • Total US oil rigs were flat, +0 to 738 • Horizontal oil rigs eased back, -1 to 636…• On Wednesday, I suggested that excess inventory draws in the US and...
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Oil Rigs “Horizontal rig counts continue to fall”

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Oil Rigs “Horizontal rig counts continue to fall”

A few comments from Steven Kopits of Princeton Energy Advisors LLC on Sept 1, 2017: • Continued decline in horizontal rig counts • Total US oil rigs were flat at 759 • Horizontal oil rigs were down 3 at 644…• Drilling Info continues to show a widening disparity to Baker Hughes • Thesis is...
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