In this week’s regular rig update, we note that while Total US land rig counts are down 27 rigs month over month, they’re up 28 rigs since this time last year. If the unconventional Permian rig counts is any sort of leading indicator, US land rig counts as a whole may have crested the peak.
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feature image is our nod for drilling rig pic of the day from social media, credit:
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