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Wednesday, June 12, 2024

With Only 34 Rigs -- June 12, 2024

Locator: 47824WTI.

Link here.

And as consolidation continues, all things being equal, rig counts will continue to decrease.

Rig counts are no longer relevant (don't take that out of context). Rig counts haven't been relevant for years, probably since 2016.

What is relevant? The fracking techology and "fracking schedule" introduced by guys like Harold Hamm.

Whatever happened to Carbo Ceramics?

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