US oil rig count falls, while IRRs support growth

摘要

New York—The US oil rig count fell by four to 631, but production continued to grow amid strong internal rates of return in several plays. By basin, there were mainly minor changes of up or down one rig as the rig count steadied from its precipitous fall that began in October last year when the count peaked at 1,609, according to Baker Hughes weekly report on Friday.