MAIN TAKEAWAY We maintain our view that given current oil prices, drilling activities remain robust so far with increases in the oil rig count—specifically in the Permian— and the gas-directed rig count. IN DETAIL The total rig count increased by 2 from 753 to 755, according to Baker Hughes. While the oil-directed rig count was flat WoW, companies reduced the rig count in Cana Woodford by 2, and by one in each of Eagle Ford, Arkoma Woodford, and Granite Wash.
EOA Rig Count Report
EOA Rig Count Report
EOA Rig Count Report
MAIN TAKEAWAY We maintain our view that given current oil prices, drilling activities remain robust so far with increases in the oil rig count—specifically in the Permian— and the gas-directed rig count. IN DETAIL The total rig count increased by 2 from 753 to 755, according to Baker Hughes. While the oil-directed rig count was flat WoW, companies reduced the rig count in Cana Woodford by 2, and by one in each of Eagle Ford, Arkoma Woodford, and Granite Wash.