Shale Booms and Busts: Oil Edition
Horizontal Oil Rigs: 2011-2020
The map depicts the number of oil-focused horizontal rigs per county. It highlights each week of the Baker Hughes rig report since it started breaking out the information in more detail.
The current week represents the lowest on record, but the pace of stacking rigs has slowed. Has the bottom been reached?
Sources: Baker Hughes, Mudrock Energy