The market remains subdued relative to the price of oil and natural gas. However, contacts warned that an increase in domestic activity beyond 825-850 rigs is unlikely due to personnel and equipment shortages. The U.S. rig count currently stands at roughly 810 rigs. Agriculture Cool temperatures and rains slowed crop development and land preparation. While rains delayed activity in some areas, soil and cattle benefited from the moisture.
Insufficient moisture continues to hamper activity in other areas.
In areas of deficient rainfall, cattle movement continued, supplemental feeding remained necessary and stock water was limited. In a few areas, some land previously held out of production by the government CRP program was being returned to crop production. The onion crop is reported to be high quality and high yield. To comment on this site, please fill out our feedback form.