Wednesday, April 9, 2025

Rigs on A Treadmill: There’s Limited Room for a Fall

By Richard Rostad, analyst, Oil & Gas 360 The Q4 2018 downturn in oil prices has made upcoming U.S. crude oil production growth a major uncertainty for markets. Companies have been announcing plans to scale back drilling activities for 2019, but what will the overall effect of the reduction in drilling be? How much can activity drop before a lack