Energy Outlook Advisors' Newsletter

Energy Outlook Advisors' Newsletter

EOA Rig Count Report

Rig count in the Gulf of Mexico at highest since the end of 2019

Anas Alhajji's avatar
Anas Alhajji
Oct 20, 2023
∙ Paid

MAIN TAKEAWAY

The oil-directed rig increased, and so did the gas rig count. However, the rig count in tight plays declined by 1.

It remains to be seen if the recent increase in oil prices will stimulate drilling activities in shale plays.

The most notable change is in the Gulf of Mexico. The rig count there increased by 2 to 22, the highest since the end of 2019.

IN DETAIL

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