Oil and gas drilling rigs from Baker Hughes
– Prior oil was 525
– Gas rigs 135 vs 132 prior
At some point, US production has to really start ramping up. Rigs are up 67% from the May low but still far, far below the pre-bust levels.
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Oil and gas drilling rigs from Baker Hughes
– Prior oil was 525
– Gas rigs 135 vs 132 prior
At some point, US production has to really start ramping up. Rigs are up 67% from the May low but still far, far below the pre-bust levels.