U.S. Rig Count to Fall This Year, Rebound to 1,100 in 2018, Raymond James Forecasts

摘要

A decline in the U.S. rig count through the second half of 2017 “appears inevi- table” based on recent oil prices, but an undersupplied market could drive prices and drilling activity sharply higher in 2018, analysts at Raymond James & Associates said Monday. In the short-term, expect the U.S. rig count to fall by around 100 from the roughly 950 rigs currently running, analyst J. Marshall Adkins and his team said in a research note.