- Brent and WTI prices have rallied in recent months. WTI is approx. $117/barrel, while Brent is hovering around $118/barrel.
- The U.S. Rig Count is at 727 as of May 27, 2022, from an historic low of 244 on August 14, 2020. This, however, is still below the 796 U.S. rigs as of January 3, 2020.
- DUCs dropped to 4,223 as of April 2022, a decline of 2,545 vs. April 2021 and a decline of 434 vs. December 2021.
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