Still big reductions, but I think we're getting close to the bottom. Although I still predict that the drilling activity will bottom in June, the coming rig count decreases should be much smaller than the ones we've seen during the recent months.
Friday, March 20, 2009
Nearing the bottom?
US rig count down by 41, Canadian count down 61.
Still big reductions, but I think we're getting close to the bottom. Although I still predict that the drilling activity will bottom in June, the coming rig count decreases should be much smaller than the ones we've seen during the recent months.
Still big reductions, but I think we're getting close to the bottom. Although I still predict that the drilling activity will bottom in June, the coming rig count decreases should be much smaller than the ones we've seen during the recent months.
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