The rig count remains low at 12 (see the updated chart below). Per BSEE’s borehole file, only 3 deepwater exploratory wells have been spudded in 2022 YTD (2/21) – one each for Shell, Hess, and Anadarko.
What’s going on? Better opportunities elsewhere? Uncertainty about lease sales? Concerns about legal challenges and the future of the US offshore program?
Bud's Offshore Energy (BOE) 
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