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OFS - Q2 GOM well starts, rig counts lagged behind Q1 amid oil bust - July 2020



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The number of rigs drilling for hydrocarbons in the Gulf of Mexico averaged 33 during Q2, showing a nine-rig, or 21%, drop compared to the Q1 average, according to Enverus Rig Analytics. This was the lowest level of GOM rig activity in Enverus’ data, which goes back to 2Q14. After bottoming at a quarterly average of 34 in 4Q16 following the last oil bust, the count has remained in a tight range around 40.......
 
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