Thursday, January 9, 2025
U.S. Oilpatch Productivity Multiple Climbs Above 3.0 - Oil & Gas 360

Effective Rig Count in the U.S. Up to 2,670

EIA predicts U.S. gas production will grow by nearly 1 Bcf/d in one month EnerCom’s Effective Rig Count rose sharply last month, as improving efficiencies combined with a jump in active rigs. The Effective Rig Count now stands at 2,670, meaning it would take 2,670 rigs from January 2014 to yield the same production as current operations are achieving. Current

Finding Costs Drop to 10-Year Low - Oil & Gas 360

Measuring Volatility in the Equities Markets

A very unusual technical event occurred during the recent stock market correction, as volatility returned to equities markets. For four consecutive days the VIX, which measures volatility in the S&P 500, rose above the OVX, which measures volatility on crude oil options. According to the EIA, the VIX has only closed higher than the OVX four other times since the