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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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