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.
Total EERC down 13 EnerCom has released its latest Effective Rig Count, examining the state of drilling activity correlated to production in major shale basins. The Effective Rig Count fell this month, dropping by 13 to 2,747 effective rigs. Both efficiencies and reported rig counts fell in September, reinforcing the decline in the EERC. The past two months have seen[Read More…]
