The weird thing is the US field production hasn't declined (it's near all time high 12,9 M barrels a day) while the rig count has declined over 200 rigs since the beginning of this year.
My humble guess is that the technology has improved making more barrels per rig.
more info:
https://www.energyexch.com/showthrea...1#post12637481
persistence and determination alone are omnipotent
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