US oil, gas rig count gains 5 to 669 as Q4 earnings hint at upstream capex rise
March 1, 2024 Comments Off
The US oil, gas rig count gained five to 669 for the week ended Feb. 21, S&P Global Commodity Insights data showed, as fourth-quarter upstream earnings season essentially came to a close with indications of slightly higher capex in 2024 and also of moderating production growth. Moreover, half the eight largest unconventional domestic plays gained rigs, an analysis by S&P…
US oil, gas rig count gains 5 to 669 as Q4 earnings hint at upstream capex rise
The US oil, gas rig count gained five to 669 for the week ended Feb. 21, S&P Global Commodity Insights data showed, as fourth-quarter upstream earnings season essentially came to a close with indications of slightly higher capex in 2024 and also of moderating production growth. Moreover, half the eight largest unconventional domestic plays gained rigs, an analysis by S&P…
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