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Is Canadian Oil Actually Subsidized?

Ending fossil fuel subsidies was…

Horizontal Land Rig Count Summary 8th April 2016

Horizontal Land Rig Count Summary 8th April 2016

The U.S. horizontal land rig count fell by 5 to 341 and the total land rig count fell by 6 to 414.

The trend for tight oil is moving in the wrong direction gaining 5 rigs. The Bakken added 8 and the Permian basin lost 3 rigs.

The trend for shale gas is moving in the right direction losing 9 rigs. The Woodford lost 8 and the Haynesville lost 1.

By Art Berman for Oilprice.com

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