Rig Counts Don't Matter: Hey, We're Back In The Saddle Again -- September 19, 2020

Down to ten -- count 'em -- ten -- active oil and gas rigs and North Dakota production back over one million bopd. Don't take this out of context. Low rig counts are hurting thousands of workers, including truckers. I would love to see the rig count back to 200. But for investors focused on rig count in shale is the wrong metric.