EOA Rig Count Report

Within a year, oil-directed rig count in Tight Oil Plays declined by 77 (with 7 charts)

MAIN TAKEAWAY

We expect an uptick in rig count in the coming weeks, but we do not expect the rig count to increase to the levels that we saw at the end of 2022. While most activities will focus on the Permian, we are keeping an eye on the Williston as 2024 could be a detrimental year for the basin.

IN DETAIL