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Posts Tagged ‘ rigs ’

Oil Rigs decline slightly

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Oil Rigs decline slightly

A few comments from Steven Kopits of Princeton Energy Advisors LLC on July 21, 2017: • Total US oil rigs were down 1 to 764 • Horizontal oil rigs were down 2 to 653…• WTI seems sufficient to restrain US oil rig count growth • However, shale well productivity yoy continues to surge based...
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Oil Rigs: “Smallest four week add since last year”

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Oil Rigs: “Smallest four week add since last year”

A few comments from Steven Kopits of Princeton Energy Advisors LLC on June 16, 2017: • The party’s over.  Oil prices are beginning to weigh on drilling activity. • Total US oil rigs were up 6 to 747 • However, only 1 new horizontal oil rig was added, and only 3 in the last...
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Oil: “Another huge week for total US oil rigs”

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Oil: “Another huge week for total US oil rigs”

A few comments from Steven Kopits of Princeton Energy Advisors LLC: • Another huge week, total US oil rigs up 15 to 566 • Horizontal oil rig counts up +17 to 463…• Widespread gains: Permian, EF, Bakken, Cana Woodford – the shale sector as a whole has turned back on • Another month of...
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