EOA Rig Count Report

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

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