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To: Sdgla who wrote (169775)3/7/2022 2:48:00 PM
From: Cogito Ergo Sum  Read Replies (1) | Respond to of 207148
 
drilling costs money... the margins are great now... but for how long... it's just business... the trend is against them in the US.. so why invest, incur an expense.. same reason companies like Marathon used Russian oil...

gas in my neck of the woods is equivalent to 7 loonies per US gal.. nice margin likely .30 cents more today ... have not been out yet...



To: Sdgla who wrote (169775)3/7/2022 3:18:57 PM
From: isopatch5 Recommendations

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  Read Replies (1) | Respond to of 207148
 
Drilling is increasing just fine. Counts below R nationwide.

<...Enverus rig count, as of last Wednesday, stood at 760 (587 oil-focused rigs and 173 gas-focused rigs). That is the highest number of rigs in operation since March 2020, the dawn of the pandemic. We are only about 50 rigs away from the pre-pandemic high of 838 rigs>

3/7/22

marcellusdrilling.com