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Permian rig count slips while vertical drilling picks up pace
The Permian horizontal rig count fell to 169 this week, nine fewer than May 1, while producers add vertical rigs as smaller firms resume drilling. Major players like Pioneer Natural Resources EOG and Parsely Energy outline plans to ramp activity if prices stay steady, with Brent-like trends and global oversupply keeping cautious outlooks.
MENTIONED IN THIS ARTICLE
Gilmer
Plains-West Texas
Pioneer Natural Resources
EOG Resources
Parsely Energy
Permian
Bryan Sheffield
Organization of Petroleum Exporting Companies
Saudi Arabia