Active Rigs Holding At 59 -- June 27, 2017

Active rigs:

$43.97	6/27/2017	06/27/2016	06/27/2015	06/27/2014	06/27/2013
Active Rigs	59	30	75	193	187

RBN Energy: after a long night, gas-weighted US E&Ps see a new dawn of profitability.

Summer: height of driving season; oil and gasoline glut; oil around $44. Come this fall, the US driving season ends, demand drops, but oil production is likely to maintain or even increase ... current floor for some seems to be $37 to $43.