U.S. rig counts rose again for the third consecutive week last week, and Goldman Sachs analyst Damien Courvalin has updated the firm’s projections for oil production. Total rig count climbed by nine rigs last week, including seven additional vertical rigs and one additional horizontal rig. One directional rig also went offline.
Five vertical rigs came online in the Barnett region, while two horizontal rigs came online in the Permian region. The remaining main shale ...
/www.benzinga.com/trading-ideas/long-ideas/16/06/8136167/goldman-sachs-reviews-u-s-rig-count-and-updates-production-fo alt=Goldman Sachs Reviews U.S. Rig Count And Updates Production Forecasts>Full story available on Benzinga.com
More...