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Oil Rigs "Some signs of life outside the Permian"

A few comments from Steven Kopits of Princeton Energy Advisors LLC on Feb 2, 2018:• Total US oil rigs were up, +6 to 765 • Horizontal oil rigs were similarly up, +6 to 668...• The Permian took a breather this week, with no horizontal gains after last week’s large 12 rig addition...• The oil price softened this week, with the Brent spread falling under $4. The price outlook is accordingly bearish as we head into turnaround season for the refineries.
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