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.
Effective Rig Count up on reported rig counts EnerCom has released its latest Effective Rig Count, examining the state of drilling activity and the reported production from the major shale basins. The Effective Rig Count rose in October, reversing the past month’s decline. The Effective Rig Count is currently 2,780, up 14 from last month. This increase was entirely due[Read More…]
