Why Are Oil And Gas Production Rising When Rig Counts Are Falling?
R-Squared Energy
DECEMBER 20, 2023
oil and natural gas production are both poised to set new annual production records, after monthly production has risen steadily all year. Keep in mind that the rig count is a measure of rigs that are currently drilling for oil and gas. The biggest example of that can be seen in the natural gas rig count.
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