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PS - Q2 GOM well starts, rig counts lag behind Q1 amid oil bust - June 2020
The number of rigs drilling for hydrocarbons in the Gulf of Mexico has averaged 33 during Q2 thus far, showing a nine-rig, or 21%, drop compared to the Q1 average, according to Enverus Rig Analytics. If the situation holds constant through the remainder of the quarter, this would be 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......
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