MAIN TAKEAWAY Earlier this month, there was a large drop in the natural gas-directed rig count. A similar decline was recorded last week in the oil-directed rig count as we explain below. Although the decline in the rig count has become a trend, we still believe that some of the drop in Texas is the result of changing locations.
EOA Rig Count Report
EOA Rig Count Report
EOA Rig Count Report
MAIN TAKEAWAY Earlier this month, there was a large drop in the natural gas-directed rig count. A similar decline was recorded last week in the oil-directed rig count as we explain below. Although the decline in the rig count has become a trend, we still believe that some of the drop in Texas is the result of changing locations.