Baker Hughes oil and gas drilling data
- Prior was 750
- Gas rigs 187 vs 189 prior
Dig in drilling rigs. Hurricane effects should have passed by now. What's increasingly clear is that growth in shale has plateaued. What this doesn't show is the technological improvements in drilling and well efficiency. The US is producing more now with 748 rigs than it did three years ago with 1600 rigs.
