• Oil Rigs Increase Sharply

    7 monthes ago - By Calculated Risk

    A few comments from Steven Kopits of Princeton Energy Advisors LLC on October 12, 2018:
    • Oil rigs were up sharply this week, +8 to 869
    • Horizontal oil rigs similarly rose, +8 to 772
    • This report is deceptively bullish, as ‘Other US' added 8 horizontal oil rigs, of which perhaps 4-6 are likely to roll off next week.
    • The Permian added three, and with the Midland sp
    Read more ...