U.S. oil and gas drillers are defying freezing temperatures.
The latest data from Baker Hughes reveals 621 active drilling rigs this month.
That’s one more additional drill from the last count on January 19.
Now, of course, according to data from the consultancy firm Primary Vision, the frac spread count — which serves as an indicator of the number of wells being drilled — shows there are 100+ unfinished wells to keep drillers busy for years.
Still, the overall picture is encouraging, considering America’s leading role in the global oil and gas industry since Russia invaded Ukraine in February 2022.
For example, U.S. oil production hit 13 million barrels per day this month.
And while regional players like the Permian Basin lag by two rigs, the Williston Basin and Eagle Ford have maintained their rig counts amid a frosty battlefield.
The sheer determination of drillers in these freezing temperatures is further proof that despite the Biden Administration’s claims about the clean energy transition…
Oil and gas will continue to play a significant role for decades.
In other words, while it’s possible we’ll see progress with clean energy projects, the safer, more profitable play for energy traders remains with fossil fuels.
Precisely, vertically integrated companies that produce, transport, and refine crude oil into usable products like gasoline, diesel, aviation fuel, and more.
We recently booked substantial profits from one of such companies.
And we’re gearing up for another trade after the opening bell rings tomorrow.
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Stay blessed,
Author: Anthony Speciale
Anthony Speciale Jr. Born and raised into a blue collar family in the suburbs of Northern New Jersey, I have in recent years put down the wrenches I’ve been turning for the better part of my entire life and have become a professional energy trader. My mother was a nurse practitioner and my father was an auto mechanic. I had literally watched both of my parents work endless hours with their hands throughout their entire lives and after loosing my mother at a young age to cancer, I had decided I wanted a different future than the path I was currently on. At a young age I was a struggling student who didn’t excel very well academically and college wasn’t really in the cards for me, but I was always a disciplined worker. When I had put my mind to something, there was nothing that was going to stop me from reaching and exceeding my goals I had set for myself. So, as life had evolved, so did my desire for freedom. It was never much about the money for me, but it was about the success and the freedom that accompanied that success. Over a decade ago, I decided to specialize in just one sector of the market. I knew that I only needed to be proficient at just one area of the market to achieve the goal I had set forth. Trade passively while producing massively. Well, that’s exactly what I did. After several years of failed attempts, endless education, trial and error - I had finally yielded myself the success and freedom I was desiring. After making myself over $1,000,000.00 trading this very method, it was time to share my success with those who also desire the freedom I did. After a lot of work, time, effort and sacrifice - Big Energy Profits went from merely a concept into a very real reality.