US weekly rig count hits new low of 247
Kristen Nelson Petroleum News
The Baker Hughes U.S. rotary rig count dropped again the week ending Aug. 7, setting a new record low of 247 active rigs, down four from the previous week and down 687 from a year ago.
The Houston oilfield services company has issued a weekly rig count since 1944.
Prior to this year, the low was 4....
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