Ran across this interesting article that sees a 9.6% increase in E&P spending driven by the conflicts overseas. Great to see that they are still spending with a focus on the very secure supply chain of the U.S. and that year over year spending is still on the increase. Guess they'll need to go back and up those production estimates again!
http://fuelfix.com/blog/2014/06/19/us-oil-spending-to-rise-on-conflicts-report-says/
That is exciting to see that the nation's rig count has reached the highest level that it has been at in 2 years. Over 2000 rigs, wow!
Natalie Namisnyk