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Saturday, March 23, 2024

Rig Counts? No Longer Matter (Don't Take That Out Of Context) -- March 23, 2024

Locator: 46832RIGS.

Link here

My response:

A recurring "theme" on the blog: rig counts no longer matter (don't take that out of context).

Is there any relationship between rig count and oil production any more -- at least in the shale patch?

What matters? Efficiency. Effectiveness. Cost to frack.

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