Energy Outlook Advisors' Newsletter

Energy Outlook Advisors' Newsletter

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Energy Outlook Advisors' Newsletter
Energy Outlook Advisors' Newsletter
EOA Rig Count Report

EOA Rig Count Report

In 13 weeks, Permian oil-directed rig count declined by 37 (6 charts).

Anas Alhajji's avatar
Anas Alhajji
Aug 04, 2023
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Energy Outlook Advisors' Newsletter
Energy Outlook Advisors' Newsletter
EOA Rig Count Report
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MAIN TAKEAWAY

  • The oil-directed rig count resumed its decline.

  • A relatively large increase in rig count in non-tight oil plays.

  • This is one of the few times when the decline in oil-directed rig count in tight plays is larger than the total decline in rig count.

IN DETAIL

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