A few comments from Steven Kopits of Princeton Energy Advisors LLC on Apr 28, 2017:
• Total US oil rigs were up 9 to 697
• US horizontal oil rigs surged at twice the ‘call’ pace, up 11 to 592
• Next week, horizontal oil rigs will reach the full ‘call’ analysts have penciled in for this cycle.
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.