- Oil rigs -8
- Gas rigs +1
The response to the recent oil price bump has been muted. That might reflect the calendar more than sentiment but we will get a better idea once 2024 budgets begin rolling out. From what I've seen so far there is a strong commitment to capital discipline but Exxon, for its part was talking about boosting drilling in its acquired assets; though it will be a time before those close.
