Do Rig Counts Matter These Days?

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  1. Dan says:

    You are an idiot. As fast as the rig count has fallen, there is no way it would have an effect….YET. Let’s reference your article in 6 months and we will know who’s right. The rig count in ND has fell from about 196 to 97. Yes, wells waiting on completion have also risen as operators slow play lower oil prices, but both are indicators of future production. Technology is getting better, but is no where near making up for a 50% plus drop in rig count. The pendulum will swing both ways.


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