Drilling activities remain strong. The US oil-directed rig count recovered by 10 rigs after it decreased by 10 rigs last week. The recovery ended two emerging trends: the decline in oil-directed rig count in general and the decline in the rig count in the Gulf of Mexico (GoM). Companies added 7 oil rigs in tight plays and 6 in the Gulf of Mexico. This indicates that the recent decline was due to moving rigs and not to
US Rig Count in Two Charts
US Rig Count in Two Charts
US Rig Count in Two Charts
Drilling activities remain strong. The US oil-directed rig count recovered by 10 rigs after it decreased by 10 rigs last week. The recovery ended two emerging trends: the decline in oil-directed rig count in general and the decline in the rig count in the Gulf of Mexico (GoM). Companies added 7 oil rigs in tight plays and 6 in the Gulf of Mexico. This indicates that the recent decline was due to moving rigs and not to