Rig Count Vs. Oil Field Production Posted by katchum 0 Rig counts are a 18-month leading indicator for oil field production. So if you know that oil production will go down next year, I would bet on rising oil prices. //fred.stlouisfed.org/graph/graph-landing.php?g=d2SP&width=480&height=320 Rig counts = Blue line Oil production = Red line Share this:TwitterFacebookLike Loading... Related