A few comments from Steven Kopits of Princeton Energy Advisors LLC on May 12, 2017:
• Total US oil rigs added 9 to 712
• US horizontal oil rigs were up 9 to 607, breaking through the total ‘call’ for the cycle
• Once again, all the action was in the Permian, taking 8 of 9 horizontal rig additions
Click on graph for larger image.
CR note: This graph shows the US horizontal rig count by basin.
Graph and comments Courtesy of Steven Kopits of Princeton Energy Advisors LLC.
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