A few comments from Steven Kopits of Princeton Energy Advisors LLC on June 9, 2017:
• smallest number of horizontal oil rigs added – one – since January
• Total US oil rigs were up 8 to 741
• This week’s horizontal rig additions are consistent with slowing activity in the sector – but one week does not a trend make
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.