US rig count hits 500 in slow ascent

摘要

The number of drill rigs operating in the United States hit 500 for the week ended Friday August 13, essentially reaching the halfway point of where oil country tubular goods (OCTG) producers want it to be. “It sure would be nice if it would climb back into that pre-pandemic 900-1,000 range,” a Houston-based source said. “That's when you know things are kind of clicking along on all cylinders.”