- 525 oil rigs vs 525 previously
- Natural gas rigs 123 vs 128 prior
Oil rigs have been steadily falling this year but US fields have kept up productivity by tapping DUCs. I don't know how much longer that can last. Gas prices have struggled but there was talk we would be under $1 by now and Henry Hub is at $2.73 as we inch closer to drawdown season.
