A new report from the EIA shows increased productivity per rig
Reports from Baker Hughes (ticker: BHI) last week showed the number of rigs actively drilling for oil and gas in the United States fell below 1,000 for the first time since September 2009. Even as the number of rigs drilling has dropped precipitously in the U.S. as oil prices remain depressed, a new report from the Energy Information Administration (EIA) shows that productivity per rig is up. The EIA’s Drilling Production Report (DPR) is a monthly report with projections of the ne...


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