Rig count matters.Sayingthat it doesn'tis like a realtor saying that location doesn't matter. Rigs Don't Produce Oil The holiestmystery of shale plays is that so much production is possible with ever-fewer rigs. But if we look at the number of producing wells, the mystery evaporates.That's because rigs don't produce oil and gas.

BING NEWS:
  • Oil eases on resuming US output after storm, rising rig count
    NEW YORK, Sept 13 (Reuters) - Oil prices fell on Friday as U.S. Gulf of Mexico crude production resumed following Hurricane Francine and rising data showed a weekly rise in U.S. rig count.
    09/13/2024 - 9:58 am | View Link
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