Drill, Drill, Drill -- Saudis Have To Be Concerned -- October 25, 2017

Active rigs:

$52.33↑	10/25/2017	10/25/2016	10/25/2015	10/25/2014	10/25/2013
Active Rigs	53	35	68	194	182

RNB Energy: bridging Marcellus/Utica gas supply with Sabine Pass LNG exports.

Drill, drill, drill. A headline we would not have seen had Trump not been elected -- feds plan largest oil and gas lease sale ever held in the United States. From Rigzone Staff, so you know it's gotta be good. BOEM will solicit bids on 76,967,935 acres in federal waters offshore Texas, Louisiana, Mississippi, Alabama and Florida – an area roughly the size of New Mexico. At a time when Saudi Arabia is cutting production and trying to figure out to exit production quotas, US oil companies are going in the opposite direction. Much more at the link.