United American Petroleum Corp (UAPC)

[Darth Trader]

Rig counts are ok for short term review in O&G but we're finding more and more today big rigs being used to enhance production rather than new development or exploration.

Unless we're talking about offshore rigs, GOM, California and Alaska it's just good short term news.

Land based rigs in the US are interesting for coal gas, some oil (Rocky Mountain Sands, West Texas and the deeper boring rigs for California). Problem is their all grouped together so the picture is unclear.


Keep an eye on the deep well rigs. New finds in deeper basins keep the US on the map as a top producer.

Glta