EOA Rig Count Report
It IS ALL ABOUT THE PERMIAN!
MAIN TAKEAWAYS
The US number of oil and gas rigs declined by four from the previous week (2 oil, 2 gas).
The oil-directed rig count in tight oil plays was flat week-over-week (WoW)
The industry responded steadily to higher oil and natural gas prices.
Shale oil wells are producing a large amount of natural gas, which contributed to the decline in the natural gas rig count.
When it comes to growth in drilling activities, it is mostly about the Permian.
IN DETAIL
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