Per Enverus: Near-term recession concerns and oil price weakness should not obscure a tight oil supply outlook that should spark $100/bbl oil in 2023. NYMEX natural gas meanwhile should dip into the $3.50s next summer.
Baker Hughes has issued the rotary rig counts as a service to the petroleum industry since 1944, when Baker Hughes Tool Company began weekly counts of U.S. and Canadian drilling activity.
At first glance, the DNV 2.7-1 and DNV 2.7-3 standards appear quite similar, but there are some subtle and important differences. We’ll dive deeper into these standards here.
