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Biweekly U.S. Oil Rig Count Update – 2/4/15

  • February 4, 2015
  • by wbabler
U.S. oil rig counts have continued to decline through the end of January, falling by 49 in the week of January 23rd and an additional 94 in the week of January 30th to a total of 1,223. Four of the six largest weekly declines on record have been experienced within Jan ’15 with the January 30th weekly decline being the largest on record. Overall, the total U.S. oil rig count fell to a two year low however, despite the decline in oil rigs, crude oil production remains strong. U.S. Oil Rig Counts Have Fallen Dramatically in Response to Declining Crude Oil Prices Weekly Total US Oil Rig Count vs Crude Oil Price - Feb 4 U.S. Oil Rig Counts Peaked in Late 2014, Prior to the Recent Declines Weekly Total US Oil Rig Count vs Crude Oil Price2 - Feb 4 Jan 30th U.S. Oil Rigs Declined 7.1% From the Previous Week and are Down 14.0% YOY Weekly Total US Oil Rig Count - Feb 4 The Recent Decline in U.S. Oil Rig Counts Since the Nov ’14 Peak has Been Significant US Oil Rigs - Declines From Recent Peaks - Feb 4 Crude Oil Production Remains Strong, up 14.1% YOY Weekly Total US Oil Rig Count vs Crude Oil Production - Feb 4 Crude Oil Production per Rig Continues to Accelerate, Reaching a 49 Month High US Crude Oil Production per Rig - Feb 4 Resilient Production Despite a Collapse in Price & Rigs on Same Trajectory as ’08 Natural Gas US Natural Gas vs Crude Oil Declines - Feb 4
Weekly DOE Ethanol Update – 2/4/15
Weekly Railroad Service Report Update – 2/5/15
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Atten Babler Commodities LLC
11406 US Route 20 W
Galena, IL 61036
800-884-8290
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