This week’s rise in oil rig count marked the fifth increase in the past seven weeks, and the highest increase since April 25, 2014. In fact, this was the highest weekly rig count since January 2005.
ERC up 29 as strong productivity outweighs declining activity By Richard Rostad, analyst, Oil & Gas 360 Oil & Gas 360 has released its latest Effective Rig Count, evaluating the state of drilling activity and reported production from the major shale basins. The Effective Rig Count rise in April, breaking a four-month slide, with an effective 29 rigs coming online in[Read More…]
