Rodent + 1,424 January 12, 2018 Rigs have been steady or lower in the past couple of weeks despite higher oil prices. And while the US can do more with fewer rigs, compared to past years, I would still expect rig count to inch up in a few months, as it catches up with the higher oil prices. There is always a lag with the charts, oil prices compared to the number of rigs. It's not an instantaneous reaction. While some are saying that this may mean the end to rig counts swaying prices, I beg to differ. Now that a single rig is responsible for so much more production, I say it will be the other way around after things shake out. Each rig taken out of service or put in service will have a greater effect on oil production than in years past. For today, I say rigs will be up. Quote Share this post Link to post Share on other sites
Seleskya + 50 AS January 12, 2018 Perhaps ... but remember earlier talk of the oilfield services companies not benefitting from the price rise and having carried the oil companies on their backs during the 'crisis'. Now they will be wanting payback and I expect services to get more expensive now. Maybe this will affect rig count? Quote Share this post Link to post Share on other sites
Rodent + 1,424 January 12, 2018 nah... Rig count up 15 this week! Â 1 1 Quote Share this post Link to post Share on other sites
Seleskya + 50 AS January 12, 2018 well maybe not this week, but I'm thinking eventually .. soonish Quote Share this post Link to post Share on other sites
Rodent + 1,424 January 12, 2018 Maybe. Dallas Fed survey for end of december says 42% of polled executives at 132 oil and gas firms expect rig count to rise "substantially" if oil holds between $61 and $65 per barrel. Quote Share this post Link to post Share on other sites
Addy + 14 AW January 12, 2018 And US production reported this week was down. Go figure. 1 Quote Share this post Link to post Share on other sites
Rodent + 1,424 February 2, 2018 Happy rig count day again, my fellow community members! Rigs up, down? Flat? And how about that Canada! They've added hundreds of rigs in the last few weeks. Production in US is now a hair's breadth away from 10 million bdp. Quote Share this post Link to post Share on other sites
Carlsbad + 19 CB February 2, 2018 right ... and it's nothing to celebrate. Quote Share this post Link to post Share on other sites
Rodent + 1,424 February 9, 2018 Heck yeah, IT'S RIG COUNT DAY!! Oil prices down again today. Rigs up, down? Flat? What say you all? Quote Share this post Link to post Share on other sites
Rodent + 1,424 February 9, 2018 US drillers added 29 rigs this week. HUGE. Mostly oil rigs. Bring on the bears! Quote Share this post Link to post Share on other sites
Missy + 43 MM February 9, 2018 Huge dip in oil prices--a more than $2 hit on each. 1 Quote Share this post Link to post Share on other sites
Rodent + 1,424 February 9, 2018 meanwhile, back at the ranch, wcs is up more than 3 percent Quote Share this post Link to post Share on other sites
Rodent + 1,424 February 23, 2018 Rigs up this week: Oil +1, Gas +2 Canada -12 Quote Share this post Link to post Share on other sites
Rodent + 1,424 February 23, 2018 Can't see much crazy movements as a result of this data. Largely ho hum. Quote Share this post Link to post Share on other sites
Rodent + 1,424 March 2, 2018 Oil +1 Gas +2 Production up again -- 10.283 million bpd w/e Feb 23 Â Quote Share this post Link to post Share on other sites
TomTom + 183 March 3, 2018 Hmm, it looks like the rig count is flattening out.. I wonder how many oil rigs will be added with WTI at $60 Quote Share this post Link to post Share on other sites
Rodent + 1,424 March 3, 2018 13 hours ago, TomTom said: Hmm, it looks like the rig count is flattening out.. I wonder how many oil rigs will be added with WTI at $60 I don't think we'll see the crazy adds we saw in the later part of 2016 and early 2017. Nevertheless, production is booming, because fewer rigs are needed now to kick out the same production. Every oil rig addition today means more than a single oil rig addition a year or two ago. Quote Share this post Link to post Share on other sites
Rodent + 1,424 March 9, 2018 It's hard to believe but it's Friday again! How does this keep happening?? it's the most wonderful day of the week because it's rig count day!! Predictions? Quote Share this post Link to post Share on other sites
Rodent + 1,424 March 9, 2018 Um... I kind of feel like I'm stepping out on the limb all alone here. IS NO ONE BUT ME EXCITED FOR RIG COUNT DAY?? Quote Share this post Link to post Share on other sites
Rodent + 1,424 March 9, 2018 US: oil -4; gas +7 Canada: -29 Quote Share this post Link to post Share on other sites
Rodent + 1,424 March 16, 2018 oil +4, gas +1, miscellaneous +1 Canada -54 1 Quote Share this post Link to post Share on other sites
Mauricio Machado + 28 MM March 16, 2018 36 minutes ago, Rodent said: oil +4, gas +1, miscellaneous +1 Canada -54 Given this data plus inventories, is there a reason why WTI is up? 1 Quote Share this post Link to post Share on other sites
Rodent + 1,424 March 16, 2018 WTI is up on largely due to technicals, I think. There is absolutely no significant catalyst that I can see that would cause WTI would increase today. 1 Quote Share this post Link to post Share on other sites
Mauricio Machado + 28 MM March 16, 2018 4 minutes ago, Rodent said: WTI is up on largely due to technicals, I think. There is absolutely no significant catalyst that I can see that would cause WTI would increase today. Thanks for the reply, at least I know I'm not that crazy! 1 Quote Share this post Link to post Share on other sites
Rodent + 1,424 March 23, 2018 Baker Hughes Rig Count data 3/23/2018 US oil and gas rigs: +5 Canada oil and gas rigs: -58 (after losing 54 last week and 29 the week before) Â 1 Quote Share this post Link to post Share on other sites
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