EOA Rig Count Report

Oil-directed rig count in tight plays is increasing (with 7 charts)

MAIN TAKEAWAY

Earlier this month we wrote “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”   That uptick is already happening as oil-directed rig count in tight plays increased to 426 and expected to continue increasing.

IN DETAIL