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Wednesday, May 15, 2013

Minimal Blogging Today --- But This Is Worth Posting -- Active Rigs Jump To 193

Down to 179 not too many weeks ago, fluctuating around  185 for the past several weeks: now, all of a sudden the number of active rigs has jumped to 193.

I think of the comments recently made by the CEO of Crescent Point Energy.

2 comments:

  1. You have mentioned this before. But I wonder how much of the 10-15 rig fluctuation that seems common is just movement back and forth across the Mt/ND line.

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    Replies
    1. I don't follow Montana that closely, but what little I have seen, activity in Montana is increasing. I could imagine one or two rigs back and forth, but I don't think there's enough rigs in Montana to account for fluctuation of 10 - 15.

      No, I think the number of active rigs is increasing a lot faster than just movement across the Montana state line and the Canadian border.

      The active rig count has gone up another 1 this morning and is now 194.

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