Oil Rigs "Rig counts continue to ease back"

A few comments from Steven Kopits of Princeton Energy Advisors LLC on Sept 8, 2017:

• Rig counts were off modestly this week

• Total US oil rigs were down 3 at 756

• Horizontal oil rigs were down 1 at 643
...
• Drilling Info rig counts are plateauing, still higher than Baker Hughes

• Texas – and Baker Hughes’ headquarters – faced challenging conditions this past week; numbers may be a bit more unreliable than usual.

Click on graph for larger image.

CR note: This graph shows the US horizontal rig count by basin.

Graph and comments Courtesy of Steven Kopits of Princeton Energy Advisors LLC.