EOA Rig Count Report

MAIN TAKEAWAY

• The oil and gas rig count continued to drop.  The decline in the main shale plays was limited (-2 only), while most of the decline in the gas rig count was in the Haynesville.

• The continuous drop in the gas rig count in the Haynesville raises questions about the future of US LNG supplies.

• The rig count remains robust in the Gulf of Mexico, despite declining by 1 to 20.

IN DETAIL