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Video – The Productivity Adjusted View of US Rig Count

Video – The Productivity Adjusted View of US Rig Count

Produced by Jackie Forrest | 1 Comment/by

Today, the EIA released the December 2016 US oil production level.  While production had pulled back slightly from the previous month, the overall trend is increasing US production.

To understand where US tight oil production may be heading, it is instructive to consider not only the rig rate, but the productivity adjusted rig rate.  The following video explains the difference and what it could mean for the future of US oil production.

 

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