Morning all, GD you missed out a pretty please, talk about grovelling lol, but seriously half year reports to 30/6/16 will deffo be out this week (he said with tongue in cheek) so that will be another red day then or may be not, some positive news below but we are due some concerning Maggie. C'mon Rita...........
The number of active North American rigs jumped this week, according to the Baker Hughes rig count released on Friday.
The U.S. rig count rose by 5 to reach 511 active rigs after hitting a record low of 404 in May. Half a dozen land rigs were added while the inland waters lost one. Overall, the U.S. is down 327 rigs from last year’s figures.
Morning guys.... Trawling around daily for snippets on the magnificent ten to no end, "high grading" acreage mentioned by Rita and SOS on several occasions has been used widely to contribute to the cost reduction of oil production...
Recent analysis and statistical research have shown that break-even prices for oil production in the major U.S. shale plays have fallen, on average, at least $30/bbl for WTI.
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