Lynn Helms - Director's Cut
Apr 13, 2017
January 30,422,777 barrels = 981,380 barrels/day
February 28,956,692 barrels = 1,034,168 barrels/day (preliminary)
The drilling rig count increased one from January to February, then increased seven from February to March, and is currently up five from March to today. Operators are shifting from running the minimum number of rigs to incremental increases throughout 2017, as long as oil prices remain between $50/barrel and $60/barrel WTI.
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