Back to 175 Active Rigs -- Record: 179 -- Bakken, North Dakota, USA

The number of active rigs has been very volatile of late, dropping to a recent low of 166 last week. It has gotten back to 175 surprisingly quickly.

The question is whether we will be range bound, or whether "we" will set new records before the summer is over? I think we set a new record by September 15, 2011.