Thursday, July 14, 2016

Update On The Niobrara; ND Starts The Day With 29 Active Rigs -- July 14, 2016

Active rigs:


7/14/201607/14/201507/14/201407/14/201307/14/2012
Active Rigs2973193186215

RBN Energy: update on the Niobrara.

Jobs: unchanged from previous week. Unchanged at 254,000. Median estimate had been for an increase to 265,00 (+11,000).  From Bloomberg:
In April, applications had dropped to a 4-decade low of 248,000. Weekly claims have been below 300,000 for 71 consecutive weeks, the longest period since 1973 and consistent with robust employment conditions.
Brent. Nice graphic of "Brent" from Platts over at Twitter today:

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